Mumbai: The Indian rupee on Tuesday strengthened on gains in the equity market, even as dollar gained in the overseas markets.
Volume on the last day of the calendar year was also thin, inducing some volatility in the currency market.
At 2.15pm, Indian rupee was trading at 61.8 per dollar, up 0.18% from its previous close of 61.915. The partially convertible currency opened at 61.87 a dollar and touched a high and a low of 61.78 and 61.925, respectively.
Since January this year, the rupee has weakened 11.01% and has lost the third most after Indonesian rupiah and Japanese yen among Asian currencies during that period.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 80.104, up 0.13% from the previous close of 80.
India’s benchmark Sensex was trading at 21167.58, up 0.12% or 24.57 points from the previous close.
The yield on the benchmark 10-year bond was trading at 8.822%, down 1.15% from previous close of 8.924%.
The government will issue fiscal deficit data for November at 4pm on Tuesday.
