Rupee rises 10 paise against US dollar in early trade

Mumbai: The rupee appreciated by 10 paise to 74.05 against the US dollar in opening trade on Tuesday, as intense buying in domestic equities amid positive COVID-19 vaccine news strengthened investor sentiment.
Besides, constant foreign fund inflow and weak American currency also supported the local unit, forex dealers said.
At the interbank forex market, the domestic currency opened up at 74.04 against the US dollar, then edged slightly lower to 74.05 in early deals, a rise of 10 paise over its last close.
In the previous session, the rupee had settled 7 paise lower at 74.15 against the US dollar.
After touching its lifetime peak of 42,959.25 in the opening session, BSE Sensex was trading 216.15 points or 0.51 per cent higher at 42,813.58.
The broader NSE Nifty too claimed a fresh high of 12,557.05. Later, it was trading with 51.65 points or 0.41 per cent gain at 12,512.70.