Rupee trades flat at 70.85 per dollar
The Indian rupee recovered from the lows and trading flat at 70.85 per dollar, with domestic equity market witnessing volatile trade.
It opened at one month high at 70.74 per dollar versus Monday’s close 70.86.
On January 13 the rupee rose 8 paise to settle at 70.86 against the US dollar as investor sentiment strengthened amid positive global cues and gains in domestic equity market.
Rupee has appreciated by 106 paise in last 5 trading sessions.
The Sensex was up 30.08 points or 0.07% at 41889.77, and the Nifty was up 14.50 points or 0.12% at 12344.
Oil prices edged lower on Tuesday as receding Middle East tensions took some heat out of the market, with both Tehran and Washington desisting from any further escalation after this month’s clashes.Get access to India’s fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code “GETPRO”. Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.