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Indian Rupee Strengthens Against The U.S. Dollar

Rupee strengthened by 18 paise to close at 82.19 on Tuesday.

<div class="paragraphs"><p>Indian rupee notes. (Photo: Vijay Sartape/BQ Prime)</p></div>
Indian rupee notes. (Photo: Vijay Sartape/BQ Prime)

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."