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Reliance Securities Report
The Indian rupee appreciated against the U.S. dollar on Tuesday supported by strong local shares and persistent greenback sales by exporters.
Hopes of higher foreign inflows also aided the local unit.
The rupee ended at 73.71 compared with 73.85 on Monday.
Meanwhile, the dollar index inched remained supported amid uncertainty surrounding U.S. stimulus and elections.
Asian currencies were broadly stronger against the U.S. dollar and lent support to the local unit.
The U.S. dollar index ended with gains on Tuesday as worries persisted about a second coronavirus wave and uncertainty ahead of the U.S. election.
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