Indian rupee strengthened 17 paise to open at 82.68 against the U.S. dollar on Tuesday. The Indian rupee strengthened against the U.S. dollar on Tuesday on the back of a possible RBI intervention in the foreign exchange market and a pause in the greenback’s rally.
The local currency appreciated 17 paise to open at 82.68 against the greenback, It closed at 82.85 on Monday.
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At 10:14 a.m., the rupee appreciated 16 paise to 82.69 against the U.S. dollar.
“The currency could also take cues from a positive lead on global equity markets as investors continue to assess the outlook for growth, inflation, and monetary policy,” Reliance Securities said.
The brokerage said supports for the dollar-rupee spot pair are at 82.48 and 82.33, resistances are at 82.90 and 83.00, it said.