The Indian rupee gained 14 paises at 70.74 per dollar. On October 25, the rupee gained 14 paise and settled at 70.88 against the US dollar.
The Indian rupee gained in the early trade on October 29. It opened higher by 14 paise at 70.74 per dollar versus Friday's close 70.88.
On October 25 the rupee gained by 14 paise to settle at 70.88 against the US dollar on the back of firm domestic equities and easing crude oil prices.
Oil prices edged lower in quiet trade on Tuesday as concerns about slower economic growth overshadowed signs of a thawing in the trade war between Washington and Beijing, while investors awaited US inventory data.
The dollar-rupee November contract on the NSE was at 71.08 in the previous session. Open interest increased 21.97% in the previous session, said ICICIdirect.
The BSE Sensex was trading 106.37 points, or 0.27 per cent, higher at 39,356.57 in morning trade, and the broader NSE Nifty advanced 16.75 points, or 0.14 per cent, to 11,643.90.
Meanwhile, brent crude futures, the global oil benchmark, fell 0.18 per cent to USD 61.46 per barrel.
The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.02 per cent to 97.78.
In the special Muhurat trading session, foreign institutional investors remained net buyers in the capital markets, putting in Rs 6.61 crore on Sunday, according to provisional exchange data.
FIIs had sold shares worth Rs 435.42 crore on Friday, while domestic institutional investors bought to the tune of Rs 440.16 crore, as per the data.
The 10-year government bond yield was at 6.52 per cent in morning trade
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Last Updated Oct 29, 2019, 10:13 AM IST