Indian Rupee recovers 13 paise to close at 73.61 against US dollar

The Indian rupee on Tuesday rebounded by 13 paise to provisionally settle at 73.61 against the U.S. dollar following a strong trend in domestic equities and losses in the American currency in the overseas market. At the interbank Forex market, the rupee opened flat at 73.74 against the greenback. During the session, the domestic unit witnessed an intra-day high of 73.58 and finally settled at 73.61. On Monday, the rupee had dropped by 26 paise to settle at a nearly four-week low of 73.74 against the U.S. dollar.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.14 % to 93.14. Brent crude futures, the global oil benchmark, rose 1.14% to $74.76 per barrel.

On the domestic equity market front, the BSE Sensex ended 514.34 points or 0.88% higher at 59,005.27, while the broader NSE Nifty advanced 165.10 points or 0.95% to 17,562.00. Foreign institutional investors were net buyers in the capital market on Monday as they purchased shares worth ₹ 92.54 crore, as per exchange data.

Meanwhile, Gold in the national capital on was marginally down by Rs3 to Rs 45,258 per 10 grams in line with weak global precious metal prices and rupee appreciation, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs45,261 per 10 grams. Silver gained Rs40 to Rs58,750 per kilogram from Rs58,710 per kilogram in the previous trade.

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