The Indian rupee on Tuesday strengthened by 41 paise to settle provisionally at 78.65 against the US dollar, supported by ongoing foreign capital inflows into the financial system and falling crude oil prices.
The local currency opened strongly against the US dollar at 78.96 on the interbank forex market, with an intraday high of 78.49 and a low of 78.96. It eventually closed at 78.65 against the dollar, up 41 paise from the previous day. The rupee had a prior session closing value of 79.06 against the dollar.
The BSE Sensex closed 20.86 points, or 0.04 percent, higher at 58,136.36 on the domestic equities market front, while the larger NSE Nifty gained 5.40 points, or 0.03 percent, to 17,345.45. The dollar index, which gauges the value of the dollar against a basket of six different currencies, rose 0.10 percent to 105.55.
According to exchange data, foreign institutional investors were net purchasers on Monday, buying shares worth Rs2,320.61 crore.
GOLD and SILVER: On Tuesday, prices for gold and silver started off lower in the main spot markets of the nation. According to information from the India Bullion and Jewellers Association (IBJA) website, the opening price for 999 purity gold was Rs 51,437 per 10 grams, down Rs 231 from Monday's closing price of Rs 51,668, while the opening price for 999 purity silver was Rs 57,622 per kg, down Rs 757 from Rs 58,379.
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