<p>Mumbai: The rupee inched up 1 paisa against the US dollar in early trade on Tuesday, as the support from positive domestic equities was negated by elevated crude oil prices and a strong American currency overseas.</p>.<p>Forex traders said the dollar strengthened on safe-haven demand. However, a positive trend in domestic equities supported the rupee at lower levels.</p>.<p>At the interbank foreign exchange, the rupee was trading in a narrow range. The local unit opened at 83.26 against the dollar. It rose slightly to 83.25 against the greenback in initial trade, up 1 paisa from its previous close.</p>.Markets log gains for 2nd day on buying in Reliance, HDFC Bank.<p>On Monday, the rupee traded on a flat note and settled 1 paisa lower at 83.26 against the US dollar.</p>.<p>"The Indian rupee keeps juggling between 83.15-83.30 levels amid overall pressure such as a stronger US DXY, higher US bond yields, surging oil prices amid Middle East tensions, and a shaky domestic equity market causing FPI outflow," CR Forex Advisors MD Amit Pabari said.</p>.<p>Meanwhile, the dollar index advanced by 0.26 per cent to 106.39.</p>.<p>Brent crude futures, the global oil benchmark, were trading 0.41 per cent higher at $87.81 per barrel.</p>.<p>In the domestic equity market, the BSE Sensex advanced 48.80 points or 0.08 per cent to 64,161.45. The NSE Nifty was up 17.70 points or 0.09 per cent to 19,158.60.</p>.<p>According to exchange data, Foreign Institutional Investors (FIIs) were net sellers in the capital market on Monday as they offloaded shares worth Rs 1,761.86 crore. </p>
<p>Mumbai: The rupee inched up 1 paisa against the US dollar in early trade on Tuesday, as the support from positive domestic equities was negated by elevated crude oil prices and a strong American currency overseas.</p>.<p>Forex traders said the dollar strengthened on safe-haven demand. However, a positive trend in domestic equities supported the rupee at lower levels.</p>.<p>At the interbank foreign exchange, the rupee was trading in a narrow range. The local unit opened at 83.26 against the dollar. It rose slightly to 83.25 against the greenback in initial trade, up 1 paisa from its previous close.</p>.Markets log gains for 2nd day on buying in Reliance, HDFC Bank.<p>On Monday, the rupee traded on a flat note and settled 1 paisa lower at 83.26 against the US dollar.</p>.<p>"The Indian rupee keeps juggling between 83.15-83.30 levels amid overall pressure such as a stronger US DXY, higher US bond yields, surging oil prices amid Middle East tensions, and a shaky domestic equity market causing FPI outflow," CR Forex Advisors MD Amit Pabari said.</p>.<p>Meanwhile, the dollar index advanced by 0.26 per cent to 106.39.</p>.<p>Brent crude futures, the global oil benchmark, were trading 0.41 per cent higher at $87.81 per barrel.</p>.<p>In the domestic equity market, the BSE Sensex advanced 48.80 points or 0.08 per cent to 64,161.45. The NSE Nifty was up 17.70 points or 0.09 per cent to 19,158.60.</p>.<p>According to exchange data, Foreign Institutional Investors (FIIs) were net sellers in the capital market on Monday as they offloaded shares worth Rs 1,761.86 crore. </p>