In early deals on Tuesday, the Indian rupee slipped against the US dollar despite a gain in regional stocks.
The Indian market bounced back today, buoyed by higher U.S stock futures and some bottom fishing following two days of losses.
After opening on a flat note, the BSE Sensex has touched a high of 17,107 thus far today before paring some early gains. Currently, the benchmark is at 17,060.45, up 77.31 points or 0.43% and the S&P CNX Nifty is trading at 5,095, up 0.57%.
At present, the rupee is worth 46.6550 per dollar and this may be compared to yesterday's New York session close of 46.4750. If the Indian currency falls further, it may target the 46.945 level.
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