The Indian rupee on Wednesday (June 16) declined by 1 paisa to end provisionally at 73.32 against the US dollar ahead of the outcome of the U.S. Federal Reserve meeting.
At the interbank foreign exchange market, the rupee which opened at 73.29 per dollar as against its previous close of 73.3, hovered in the range of 73.26 to 73.38 during the day. The domestic currency has lost 52 paise in the seven trading sessions to Wednesday. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, declined 0.04 percent to 90.50.
At the Commodity front, the Brent crude futures, the global oil benchmark, rose 0.27 percent to $74.19 per barrel.
FPIs: Foreign institutional investors were net buyers in the capital market on Tuesday as they purchased shares worth Rs 633.69 crore, according to the exchange data.