The Indian rupee rose by 13 paise to Rs. 47.09 per dollar in opening trade on the Interbank Foreign Exchange on Tuesday as the American currency weakened against the euro and other rivals amid a rally in the domestic equity market.
On Monday, the rupee tumbled by 66 paise to close at nearly a 14-month low of Rs. 47.22/23 against the U.S. currency amid a steep fall in the stock market and a surge in the dollar value against other major currency rivals.
Forex dealers said dollar weakness against the euro and other Asian currencies overseas and a higher opening in the domestic stock market helped the rupee’s rise today following six consecutive sessions of decline.
Meanwhile, the Bombay Stock Exchange Sensex gained 180.04 points, or 1.09 per cent, to 16,681.78 points in opening trade on Tuesday.