"interbank-forex-market"

Traders said sustained foreign fund inflows into the domestic equity markets also helped the local unit.

The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.16 per cent to 92.46.

The rupee on Tuesday appreciated 16 paise to settle at 74.46 against the US dollar.

The dollar index, which gauges the greenback's strength against a basket of six currencies, dipped 0.15 per cent to 92.50.

The rupee was trading in a narrow range on Friday considering the weak demand for riskier assets on the occasion of Dhanteras.

The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.02 per cent to 93.02.

At the interbank forex market, the domestic currency opened up at 74.04 against the US dollar, then edged slightly lower to 74.05 in early deals, a rise of 10 paise over its last close.

The dollar index, which gauges the greenback's strength against a basket of six currencies, dipped 0.06 per cent to 92.16.

Reliance Securities in a report said that the uptick in the rupee was supported by foreign portfolio flows.

At the interbank forex market, the domestic unit opened at 74.35 against the US dollar, then gained further ground and touched 74.29, registering a rise of 47 paise over its previous close.

Traders said most Asian currencies opened weak against the US Dollar Index, which started with gains on Wednesday morning in Asian trade ahead of the US Presidential election results.

The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.14 per cent to 94.01.

Losses in domestic stock markets and uncertainty ahead of US presidential election weighed on the investor sentiment, traders said.

At the interbank forex market, the rupee was trading in a narrow range. It opened at 73.70 against the American currency.

The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.41 per cent to 93.31.

On the equity market front, BSE index Sensex was trading 11.80 points higher at 40,157.30, and the broader NSE Nifty advanced 20.55 points to 11,788.30.

"Rising number of COVID-19 cases is prompting worries about a new wave of lockdowns in Europe and hopes from US stimulus spending are fading", Reliance Securities said in a research note.

The decline in the Index of Industrial Production (IIP) was 10.8 per cent in July. The contraction in August stood at 8 per cent, as per the latest data.

The newly-constituted MPC of the Reserve Bank began its three-day deliberations on Wednesday. The decision of the rate-setting panel will be announced on October 9.

Sensex was trading 264.26 points higher at 39,838.83 and the broader NSE Nifty rose 69 points to 11,731.40.