Rupee settles 8 paise lower at 73.63 against US dollar

Rupee settles 8 paise lower at 73.63 against US dollar

The rupee depreciated by 8 paise to settle at 73.63 (provisional) against the US dollar on Tuesday, tracking muted domestic equities.

At the interbank forex market, the domestic unit opened at 73.62 against the US dollar and witnessed an intra-day high of 73.59 and a low of 73.67.

The local unit finally closed at 73.63 against the American currency, registering a fall of 8 paise over its previous close.

On Monday, the rupee advanced by 9 paise to settle at 73.55 against the US dollar.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.06 percent lower at 90.65.

On the domestic equity market front, the BSE Sensex ended 9.71 points or 0.02 percent higher at 46,263.17, while the broader NSE Nifty rose 9.70 points or 0.07 percent to 13,567.85.