Mumbai: The rupee appreciated 23 paise to 75.93 against the US dollar in Tuesday’s opening session, following a positive trend in domestic equities amid a slowdown in global crude oil prices.
A weak U.S. currency in the overseas market also helped national unity, traders said.
In the interbank foreign exchange market, the Rupee opened strong at 75.97 against the US Dollar and gained further ground to trade at 75.93, up 23 paise from the previous close.
In the previous session, the rupiah stood at 76.16 against the greenback.
Global oil benchmark Brent futures fell 1.53% to $110.76 a barrel.
Meanwhile, the dollar index, which measures the strength of the greenback against a basket of six currencies, slipped 0.06% to 98.99.
On the domestic stock market, the 30-stock Sensex traded 233 points or 0.40% higher at 57,826.49, while the broader NSE Nifty jumped 75.85 points, or 0.44%, at 17,297.85.
Foreign institutional investors remained net sellers in the capital market on Friday as they sold shares worth Rs 801.41 crore, according to stock market data.
According to the latest Public Debt Management Report, total government liabilities rose to Rs 128.41 lakh crore in the December quarter from Rs 125.71 lakh crore in the three months ending September 2021 .
The increase reflects a quarterly increase of 2.15% in October-December 2021-22.
The report released by the Ministry of Finance on Monday said government debt accounted for 91.60 percent of total outstanding debt in the December quarter, down from 91.15 percent at the end of September.