Indian Rupee falls 13 paise to close at 74.44 against US dollar

The domestic currency, the Rupee, declined 13 paise to provisionally close at 74.44 against the U.S. dollar on Tuesday weighed down by the strengthening of the greenback in the overseas market and rising crude oil prices. At the interbank foreign exchange market, the rupee opened on a weak note and witnessed an intra-day high of 74.41 and a low of 74.63 against the U.S. dollar in day trade. The rupee finally settled at 74.44 a dollar, down 13 paise over its previous close. On Monday, the rupee had settled at 74.31 against the US dollar.

Meanwhile, the dollar index, which gauges the Dollars strength against a basket of six currencies, was trading 0.17 percent higher at 93.93. Brent crude futures, the global oil benchmark, advanced 0.54 percent to  USD81.70 per barrel.

On the domestic equity market front, the BSE Sensex ended 445.56 points higher at 59,744.88, while the broader NSE Nifty advanced 131.05 points to 17,822.30. Foreign institutional investors were net buyers in the capital market on Monday as they purchased shares worth Rs. 860.50 crore, as per exchange data.

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