Rupee rises 12 paise to 94.72 against US dollar during early trade ...Middle East

The rupee appreciated 12 paise to 94.72 against the US dollar in early trade on Tuesday, buoyed by sliding crude oil prices and inflows of foreign funds into domestic equities. However, a strong US dollar ahead of the crucial midterm election in the US kept investors worldwide cautious, capping gains in the Indian currency, according to forex traders. At the interbank foreign exchange market, the rupee opened at 94.68 and strengthened to 94.60 before trading at 94.72 against the greenback, registering a gain of 12 paise from its previous close. The Indian currency fell 8 paise to close at 94.84 against the US dollar on Monday, after appreciating 50 paise in the preceding session on Friday. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, traded at 101.65, up 0.03 per cent. Brent crude, the global oil benchmark, was trading lower by 0.01 per cent at USD 104.76 per barrel in futures trade. Analysts attributed the easing of crude

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