NEW DELHI: The rupee appreciated 9 paise to 74.13 against the US dollar in opening trade on Tuesday, following a positive trend in domestic equities.
However, flight of foreign capital, a strong dollar overseas and higher crude prices restrained the rupee to gain momentum, forex dealers said, report agencies.
On Monday, the rupee had settled at 74.22 against the US dollar.
On the domestic equity market front, BSE Sensex was trading 45.14 points or 0.08 percent higher at 55,600.93, while the broader NSE Nifty rose 19.65 points or 0.12 percent to 16,516.10.
The dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.08 percent to 93.04.
Global oil benchmark Brent crude futures surged 0.33 percent to USD 68.98 per barrel.
Foreign institutional investors remained net sellers in the capital market on Friday as they offloaded shares worth Rs 1,363.36 crore, as per exchange data.
“A four-year National Monetization Pipeline (NMP) to monetize Rs 6 trillion of brownfield infrastructure assets across sectors will definitely boost investors” confidence by providing sufficient clarity on the number, size and type of assets that would be made available in the market,” Abhaya Agarwal, Partner, Infrastructure Practice, EY India, said.