(RTTNews) - The Indian rupee edged higher against its US counterpart on Tuesday as domestic equities rebounded, braced by positive global cues after Greek Prime Minister Lucas Papademos said he's "strongly committed" to reaching a debt-swap deal with private creditors.
ICICI Bank's widely beat market estimates with a 20 percent rise in quarterly net profit and the government agreed to infuse capital into state-run lenders SBI and PNB also lifted sentiment. The benchmark 30-share Sensex finished the day up 330 points or 1.96 percent at 17,194, while the broader Nifty index climbed 112 points or 2.20 percent to 5,199.
The USD/INR pair remained below the 50 level for the second consecutive day, with the domestic currency gaining almost 8 percent thus far this month. The rupee reached the day's low at 49.80 against the dollar and a high at 49.3150.
