Indian rupee snaps two-day fall

The Indian rupee rose for the first time in three sessions on Tuesday, aided by an upswing in domestic stock prices and an increased appetite for risk, although it finished off the day's high as oil importers stepped up buying of dollars. The rupee closed at 53.21/22 to the dollar, 0.2 percent up from Monday's close, after touching a high of 53.11.
One-month offshore non-deliverable forward contracts were quoted at 53.58 rupees. In the currency futures market, the most-traded near-month dollar-rupee contracts on the National Stock Exchange, the MCX-SX and the United Stock Exchange were all around 53.52, with the total volume at $2.8 billion.