The rupee rose 37 paise to 81.30 against the US dollar in opening trade on Tuesday, as the American currency fell from its peak levels.

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The domestic unit began at 81.45 versus the dollar on the interbank foreign exchange, then fell to 81.30, a 37-paise gain from its previous close. The rupee fell 58 paise versus the dollar on Monday, reaching an all-time low of 81.67.

Experts predict that this week’s RBI meeting, with its decision likely on Friday, will now take centre stage.

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“Most Asian and emerging market peers have started mixed, but a positive start in the equity futures could aid sentiments. The dollar index was marginally weaker, while the Euro, Sterling and the Yen strengthened against the greenback in this Tuesday morning trade,” Sriram Iyer, Senior Research Analyst at Reliance Securities said.

The dollar index, which measures the strength of the dollar against a basket of six different currencies, decreased 0.36% to 113.69.

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Sterling rebounded to $1.0742 after falling to a record low of $1.0327 on Monday. S&P 500 futures jumped 0.7%, while MSCI’s broadest index of Asia-Pacific equities outside Japan dipped 0.1%. Japan’s Nikkei increased 0.7%. The euro was up 0.3% on the day at $0.9634 after touching a 20-year low the day before.

The Sensex was trading 176.91 points, or 0.31%, higher at 57,322.13, while the Nifty was up 55.95 points, or 0.33%, at 17,072.25.

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Foreign institutional investors (FIIs) have sold shares worth a net Rs 5,101.30 crore, whereas domestic institutional investors (DIIs) purchased shares worth a net Rs 3,532.18 crore on September 26, as per provisional data available on the NSE.

The benchmark for global oil, Brent crude futures, increased by 0.57% to USD 84.54 a barrel. Gold, which touched a two-and-a-half year low on Monday, climbed 0.5% to $1,629 per ounce.