Rupee appreciates 21 paise to 82.38 against US dollar in early trade

The rupee gained 21 paise to 82.38 against the US dollar in early trade on Tuesday supported by a bullish trend in domestic markets and steady foreign fund inflows.
However, a surge in crude oil prices capped sharp gains for the local unit, forex traders said.
At the interbank foreign exchange, the domestic unit opened at 82.42, then touched a high of 82.38 against the American currency, registering a rise of 21 paise over its last close.
On Monday, the rupee had settled at 82.59 against the dollar.
Softness in the US dollar and sustained FII inflows supported the rupee, forex traders said adding that the strength in crude oil prices remains a concern for the rupee, as a sharp surge in prices could limit its gains.
The dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.15 per cent to 101.81.
Brent crude futures, the global oil benchmark, rose 0.54 per cent to USD 78.11 per barrel.
“Markets now brace for a slew of inflation data later i