The rupee is tipped to open at 80.00-80.10 per US dollar, compared with the previous session's close of 79.8650. The currency had hit an all-time low of 80.0650 last month.
Rupee advances by 23 paise to 74.64 vs US dollar in early trade
The Indian rupee started this Tuesday on a stronger note against the US dollar, tracking the overall weakness of the dollar, Reliance Securities said in a research note
PTI | April 20, 2021 | Updated 11:39 IST
The rupee advanced by 23 paise to 74.64 against the US dollar in opening trade on Tuesday, tracking weaker dollar against key rivals and a positive trend in the domestic equity market. Forex traders said the government s decision to open COVID vaccination to all above 18 years from May 1 lifted investor sentiment.
At the interbank forex market, the local unit opened at 74.65 against the US dollar, then gained some strength to quote at 74.64, a rise of 23 paise over its last close. In the previous session, the rupee had settled at 74.87 against the American currency.