Indian rupee gained against the greenback in morning trade on Tuesday. Rupee was up by 12 paise or 0.24% against USD to Rs 53.42 compared to previous close of 53.55 (09.27 a.m.).
At 09.30 a.m., the Sensex was trading up 5.41 points or 0.03% at 18,798.85 with 16 components gaining. Meanwhile, the Nifty was trading higher by 0.50 points or 0.01% at 5,717.65 with 30 components gaining.
In the spot market, the Dollar Index decreased 0.09% to 79.58 (23:46 ET).
Euro - USD was trading at 1.30 down 0.05% while USD - Japanese Yen was trading at 79.84 down 0.14% (23:58 ET).
'USDINR faced resistance near its earlier bottom and gave an engulfing bear pattern. Prices may fall towards middle band support i.e. 53.1. Prices should not move above 54.10 to hold this bearish view,'' said Emkay Global Financial Services.
Source : myiris.com