Mumbai, October 21: The rupee was steady at its overnight closing levels against the greenback in early trade on Tuesday amid consolidating equity markets and absence of any market moving factors.
In lackluster activity at the Interbank Foreign Exchange (forex) market, the domestic currency resumed at 49.00/49.01 a dollar from its previous close of 48.99/49.00 a dollar and later ruled steady at 48.98/99 a dollar in late morning deals.
Forex dealers said the activity was at low ebb during early trade as investors remained sidelined after the 100 basis points cut in repo rate by the Reserve Bank of India yesterday.
The Indian benchmark Sensex this morning surged further by 106 points at 1030 hrs, while Asian indices were trading narrowly mixed.
