The Indian rupee ended higher at 74.19 against US Dollar on Tuesday tracking strong domestic markets. At the interbank foreign exchange market, the domestic unit opened at 74.12 against the dollar and swung between 74.11 to 74.20 during the trading session.
Meanwhile, domestic markets extended the up move and gained over half a percent, tracking firm global cues. After the gap up opening, the benchmark traded range bound in the first half however noticeable recovery in metal, banking and realty majors triggered strong momentum as the day progressed.
Finally, the Nifty 50 settled with healthy gains of 0.8% to close at 16,625 levels. The broader markets too witnessed a rebound wherein both Midcap and Smallcap gained in the range of 1.5-2%.
Besides, foreign institutional investors were net sellers in the capital market on August 23 as they offloaded shares worth Rs1,363.36cr, according to the exchange data.
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