On Monday, the rupee had hit a new low of 72.67 a dollar in the intra-day trade before it closed at 72.45.
In the midst of the increased selling by exporters and banks, the Indian rupee opened on a positive note on this Tuesday. It is known to open at 15 paise higher at 72.30 against the US dollar. According to a statement made by the dealers, dollars have a weakness against some of the currencies that are used overseas which include even the Euro that supported the Indian rupee.
This Monday, the Indian rupee is known to reach a new low of 72.67 a dollar before it closed at 72.45 in the intra-day trade. It showed a steep fall of 72 paise. This led to the growing fear of the escalation of trade wars globally and also to the rising market rout.
In the meantime, the Sensex is known to rose 0.25 percent or 95.32 points to 38,017.49 in the opening of the trade.