The rupee on Tuesday opened higher against the US dollar amid steady global shares and rebound in crude oil prices. The rupee gained 14 paise at 70.73 per dollar vs. previous close 70.87/$ yesterday.
On the economy front, the eight-core industries comprise 40.27% of the weight of items included in the Index of Industrial Production (IIP). The combined Index of Eight Core Industries stood at 128.2 in August 2019, which declined by 0.5% as compared to the index of August 2018. Its cumulative growth from April to August 2019-20 was 2.4%.
On Monday, the domestic unit declined 31 paise to close at 70.87 amid rising demand for the greenback vis-a-vis other currencies overseas.
In the capital market, foreign investors pulled out a net Rs469.4cr from Indian equities, according to exchange data. On the other hand, domestic institutional investors (DIIs) infused a total of Rs504.69cr.
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