The Indian rupee is expected to further reclaim lost momentum and rebound on Tuesday morning tracking weakness in US dollar overseas that took a hit and slipped briefly below 108 mark. Positive cues from equities are also likely to keep the unit supported. Yesterday, rupee appreciated 5 paise to close at 86.55 against the US dollar, as an overnight decline in crude oil prices and the US dollar index supported investor sentiments. Besides, a positive trend in domestic equities also helped the local currency. The benchmark 30-share BSE Sensex ended a range-bound session up 454.11 points, or 0.59 percent, at 77,073.44 while the broader NSE Nifty index closed at 23,344.75, up 141.55 points, or 0.1 percent, from its previous close. Powered by Commodity Insights |