Mumbai sources have made a statement that the rupee edged up 5 paise to trade at 63.82 against the US dollar in early session at the interbank forex market on Tuesday on increased selling of the American currency by exporters and banks. Meanwhile the forex dealers said the sustained foreign fund inflows and record gains in domestic equity markets supported the rupee.
However, the dollar's recovery against some currencies overseas restricted the local unit's up move. Earlier on Monday, the rupee had ended lower by 3 paise at 63.87 against the US currency following fresh bouts of dollar demand from importers amid the US political jitters.
Meanwhile according to sources the benchmark BSE Sensex rose 159.98
points, or 0.44 per cent, to hit another record high of 35,957.99 and the NSE
Nifty crossed the historical 11,000 mark for the first time in opening trade on
Tuesday.
