Mumbai: The Rupee on Tuesday surged by 6 paise at 71.12 against the US Dollar in opening trade amid continued selling of the US currency by exporters and banks.
Apart from this, optimism ahead of index of industrial production (IIP) numbers for December and retail inflation for January, and the weakening of the American Dollar against some overseas currencies also supported the upward spree of Rupee.
Furthermore, a positive opening in the domestic equity market also helped the domestic unit strengthen its position against the Dollar.
On Monday, the rupee had ended higher by 13 paise to close at 71.18 against the dollar on easing crude oil prices, even as the greenback strengthened in comparison to other major currencies.
The rupee opened lower at 71.21 but recovered 6 paise to trade higher at 71.12 against the dollar.
The benchmark BSE Sensex rose 22.20 points, or 0.06%, to 36,417.23 in early session on Tuesday.
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Ms Kalinga