In the interbank forex market, the local unit opened at 72.47 against the greenback and went on to touch an intra-day of 72.34.
On Monday, the rupee gained 15 paise to close at 72.37 against the US dollar due to lower foreign exchange inflows and lower crude oil prices.
However, foreign exchange dealers said sentiment sentiment in the domestic equity markets and a marginally stronger dollar weighed in the foreign currency.
In the interbank foreign exchange market, the local entity opened against the greenback at 72.47 and moved forward to touch an intra-day of 72.34.
It eventually ended at 72.37 against the US currency, registering an increase of 15 paise from its previous close.
In the previous session, the rupee had closed at 72.52 against the US currency.
“Foreign Portfolio Investors (FPI) have bought close to $ 2.5 billion of Indian equity so far this month. FPI has bought a net share of $ 179.40 million as of March 18, 2021. For the month of March, the net buyer of the FPI total According to Reliance Securities, $ 2.454 billion.
Brent crude futures, the global oil benchmark, fell 0.46% to $ 64.23 a barrel.
Foreign institutional investors were net buyers in the capital market on Friday as they bought shares worth ₹ 1,418.43 crore as per exchange data.
The dollar index, which estimates the strength of the greenback against a basket of six currencies, rose 0.05% to 91.97.
On the domestic equity market front, the BSE Sensex slipped 86.95 points or 0.17% to end at 49,771.29, while the broader NSE Nifty slipped 7.60 points or 0.05% to end at 14,736.40.
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