Mumbai, July 30: The rupee opened flat at 83.73 against the US currency on Tuesday as the dollar remained firm in overseas markets. At the interbank currency exchange, the rupee opened firm at 83.73 and was trading in the range of 83.73 to 83.74 in early trade.

Forex traders said a decline in crude oil prices supported the rupee but firm dollar overseas restricted gains for the domestic unit. Month-end dollar demand as well as forex outflows also kept the rupee in a tight range. The rupee continued to trade flat at 83.73 against the US dollar at 9.45 am. INR vs USD: Rupee Rises 2 Paise to 83.72 Against US Dollar in Early Trade.

In the domestic equity market, the 30-share BSE Sensex rose 67 points to 81,423.53, while Nifty advanced 25 points to 24,861.35 in early trade on Tuesday. The Sensex had advanced 23.12 points, or 0.03 per cent, to settle at 81,355.84 points, on Monday. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was at 104.6070, marginally up 0.04 per cent. INR vs USD: Rupee Slips to All-Time Low of 83.72 Against US Dollar in Early Trade.

Brent crude futures -- the global oil benchmark -- slipped 0.33, or 0.41 per cent, to USD 79.45 per barrel. Foreign institutional investors (FIIs) were net sellers in the capital markets on Monday, selling shares worth Rs 2,474.54 crore, according to exchange data.

(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)