Rupee rebounds 22 paise to 82.59 against US dollar

Mumbai : The rupee appreciated 22 paise to close at 82.59 against the US dollar on Tuesday amid persistent foreign fund inflows and a weakening greenback overseas.
At the interbank foreign exchange market, the local currency opened at 82.74 and witnessed a high of 82.59 and a low of 82.79.
It finally settled at 82.59 against the American currency, registering a rise of 22 paise over its previous close of 82.81.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, slipped 0.49 per cent to 110.98.
Global oil benchmark Brent crude futures rose 1.42 per cent to USD 94.13 per barrel.
“Rupee consolidated in a narrow range ahead of the important events that are lined up,” said Gaurang Somaiya, Forex & Bullion Analyst, Motilal Oswal Financial Services.