The Indian rupee strengthened on Tuesday to hover close to the 82 per dollar mark, as risk sentiment improved after reversal of Britain's controversial fiscal plans pressured the greenback.
The rupee jumped 0.35% to 82.05 by 0442 GMT, after having traded in a narrow band near the 82.40 level for the past five sessions.
Any level below 82 per dollar was good for importers with near-term exposures to buy as USD/INR premiums are currently lower too, he added. It was pressured by the sterling gaining overnight amid improved risk appetite after the UK's new finance minister Jeremy Huntmost of Prime Minister Liz Truss's unfunded tax cuts that had caused turmoil and forced the Bank of England to intervene.
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