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The rupee rose 18 paise to close at 73.37 against the US dollar.

In the interbank foreign exchange market, the local unit opened against the greenback at 73.32 and saw an intra-day high of 73.31 and a low of 73.48.

On Tuesday, the rupee gained 1 paise against the US dollar (closing at 3.3 prov (provisional), supported by an improvement in risk exposure for positive domestic equity shares.

In the interbank foreign exchange market, the local unit opened against the greenback at 73.32 and saw an intra-day high of 73.31 and a low of 73.48.

It finally closed at 73.37 against the US currency, registering an increase of 18 paise at its previous close. The rupee had closed at 73.55 against the US currency on Monday.

The dollar index, which estimates the strength of the greenback against a basket of six currencies, advanced 0.28% to 91.29.

Meanwhile, the global oil benchmark Brent crude futures fell 0.05% to $ 63.66 a barrel.

On the domestic equity market front, the BSE Sensex rose 447.05 points, or 0.90%, to close at 50,296.89, while the broader NSE Nifty rose 157.55 points, or 1.07%, to 14,919.10 points.

Foreign institutional were net buyers in the capital market as they bought shares worth ₹ 125.15 crore on Monday, according to exchange data.

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