Indian rupee gained against the greenback in morning trade on Tuesday. Rupee was up by 29 paise or 0.55% against USD to Rs 53.46 compared to previous close of 53.75 (09.27 a.m.). ''Rupee is likely to be strong today as foreign capital inflows and government`s recent fiscal consolidation steps are likely to boost equity markets and support the rupee. The downside was limited as the government raised the import duty on gold and platinum from 4% to 6% which could curb high gold imports and help bring down the huge fiscal deficit,`` said Emkay Global Financial Services. In the spot market, the Dollar Index decreased 0.05% to 79.99 (22:46 ET). Euro - USD was trading at 1.33 up 0.08% while USD - Japanese Yen was trading at 89.97 up 0.41% (22:50 ET). At 09.29 a.m., the Sensex was trading up 7.65 points or 0.04% at 20,109.47 with 15 components gaining. Meanwhile, the Nifty was trading higher by 3.60 points or 0.06% at 6,085.90 with 29 components gaining.

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