MUMBAI : The rupee rose 27 paise or 0.36% to close at 75.64 against the US dollar on Tuesday as initial success in coronavirus vaccine trial boosted investor sentiment globally.
Forex traders said besides the encouraging results in covid-19 vaccine trial, higher opening of domestic equities and weakening American currency supported the local unit.
On Monday, the rupee had closed at 75.91 against the US dollar. From the start of the year, Rupee has lost 5.63%. 10 Year Government Bond Yield closed at 5.77 unchanged from previous close.
The rupee closed amid improving risk appetite after encouraging data from the trial of a vaccine for covid-19. "Initial data from Moderna Inc's covid-19 vaccine showed that it produced protective antibodies in