Rupee rises 4 paise to 73.51 towards US greenback in early commerce

The rupee appreciated by 4 paise to 73.51 towards the US greenback in opening commerce on Monday as sustained international fund inflows and robust home equities strengthened investor sentiment.
Traders stated the weak spot of the American foreign money within the abroad market additionally supported the home unit.
At the interbank foreign exchange market, the home unit opened at 73.52 towards the US greenback, then inched larger to 73.51 towards the buck, registering an increase of 4 paise over its earlier shut.
On Thursday, the rupee had settled at 73.55 towards the US greenback.
Forex and fairness market had been closed on Friday on account of Christmas.
Meanwhile, the greenback index, which gauges the buck’s energy towards a basket of six currencies, fell 0.05 per cent to 90.18.
On the home fairness market entrance, the 30-share BSE benchmark Sensex was buying and selling 227.35 factors larger at 47,200.89, and the broader NSE Nifty superior 75.60 factors to 13,824.85.

Foreign institutional traders had been internet patrons within the capital market as they bought shares value Rs 1,225.69 crore on a internet foundation on Thursday, in keeping with provisional alternate information.
Brent crude futures, the worldwide oil benchmark, fell 0.43 per cent to USD 51.07 per barrel.