| The Indian rupee bounced back by 10 paise to Rs 45.12 per US dollar in early trade Tuesday on fresh selling of dollars by banks and exporters on the back of firm equity markets. At the Interbank Foreign Exchange, the domestic unit opened higher at 45.17/18 per dollar as against Monday''s closing level of 45.22/23 per dollar and moved up further to 45.12 before quoting at 45.15/16 per dollar at 1030 hours. The rupee hovered in a range between 45.12 and 45.20 per dollar in morning deals. Fresh selling of dollars by banks and exporters and firm equity markets mainly boosted the rupee value against the dollar, a forex dealer said. An index tracking the US dollar edged up Tuesday, although the greenback gave up some of the ground it made against the euro due to European sovereign debt concerns. Meanwhile, oil rebounded in Asian trade Tuesday on surging crude demand from China, the world''s second-largest economy, analysts said. New York''s main contract, light sweet crude for July delivery, gained 30 cents to USD 98 a barrel. The Bombay Stock Exchange benchmark Sensex regained the 18,000 points mark Tuesday by rising 75.05 points to 18,068.38 in early trade. |
