File photo of Bombay Stock Exchange (BSE) building in Mumbai. Photograph:( Reuters )
The Indian currency edged 2 paise higher to 68.51 against the US dollar early on Tuesday ahead of the Federal Reserve's policy meeting.
The benchmark BSE Sensex rose 83.10 points, or 0.22 per cent, to 38,178.17 in early trade on Tuesday. Nifty, on the other hand also opened in green at 11,500.30.
Meanwhile, the Indian currency edged 2 paise higher to 68.51 against the US dollar in early trade Tuesday ahead of the Federal Reserve's policy meet.
A higher opening in the domestic equity market influenced the currency's movement, they added, experts noted.
On Monday, the domestic unit had surged by 57 paise to close at an over seven-month high of 68.53 against the US dollar, also marking a sixth straight session of gains, driven by sustained foreign fund inflows and narrowing trade deficit.
The BSE Sensex gained over 70 points Monday. NSE Nifty finished 35.35 points or 0.31 per cent, higher at 11,462.20 after hitting the day's high of 11,530.15 and a low of 11,412.50.
(With inputs from PTI)