At the interbank foreign exchange, the rupee opened at 88.51 and went up to 88.49 before trading at 88.62 against the greenback in early deals, up 8 paise from its previous closing level.
The domestic unit had settled with a gain of 7 paise at 88.70 against the dollar on Tuesday (November 4). The foreign exchange markets were closed on Wednesday (November 5) on account of the Prakash Gurpurab holiday.Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.16 per cent to 99.90.
Brent crude, the global oil benchmark, rose marginally by 0.17% to $63.63 per barrel in futures trading.
In the domestic equity market, Sensex climbed 321.81 points or 0.39% to 83,780.96 in early trade while Nifty rose 57.05 points or 0.22% to 25,654.70.
Foreign institutional investors sold equities worth ₹1,067.01 crore on Tuesday (November 4), according to exchange data.
