The Indian rupee rose by 13 paise to Rs. 47.09 per
dollar in opening trade on the Interbank Foreign Exchange on Tuesday as
the American currency weakened against the euro and other rivals amid a
rally in the domestic equity market.
On Monday, the
rupee tumbled by 66 paise to close at nearly a 14-month low of Rs.
47.22/23 against the U.S. currency amid a steep fall in the stock market
and a surge in the dollar value against other major currency rivals.
Forex
dealers said dollar weakness against the euro and other Asian
currencies overseas and a higher opening in the domestic stock market
helped the rupee’s rise today following six consecutive sessions of
decline.
Meanwhile, the Bombay Stock Exchange Sensex
gained 180.04 points, or 1.09 per cent, to 16,681.78 points in opening
trade on Tuesday.
Source : thehindu.com