Indian Rupee Strengthens Against The U.S. Dollar

The Indian rupee appreciated against the U.S. dollar on Tuesday, tracking a similar movement among emerging market currencies.

The local currency strengthened by 18 paise to close at 82.19 on Tuesday. It closed at 82.37 on Monday.

"Supports for the U.S. dollar-Indian rupee spot pair are at 82.0000 and 81.9000, while the resistances is seen between 82.4500 and 82.5500," Reliance Securities said in a note. "Asian emerging market peers have started stronger against the greenback this Tuesday morning and will aid sentiments."