The Indian rupee surged by 13 paise to 72.83 against the American Currency (Dollar)  in early trade on Tuesday tracking the broad weakness of the greenback and positive domestic equities. At the foreign exchange, the Indian rupee unit opened at 72.85 against the dollar, then inched higher to 72.83, clocking a gain of 13 paise over its previous close @ 72.96 against the US dollar.

The rupee started on a positive note against the dollar, tracking the broad weakness of the Greenback this morning, Reliance Securities said in a research note. the dollar index, which gauges the dollar strength against a basket of six currencies, fell 0.10 percent to 89.75. Meanwhile, global oil benchmark Brent crude futures rose 0.41 percent to USD 68.74 per barrel. 

As per stock exchange data, Foreign institutional investors were net buyers in the capital market on Monday as they purchased shares worth Rs 585.36 crore, 

On the domestic equity market front, BSE Sensex closed 98 points higher at 51,115, while the NSE Nifty advanced 36  points to 15,265.10.

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