Rupee ends marginally higher at 74.40 per dollar

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Indian rupee ended marginally higher at 74.40 per dollar, amid buying seen in the domestic equity market.

It opened 10 paise higher 74.33 per dollar against previous close of 74.43 and trade in the range of 74.25-74.41.

At 14:15 IST, the Sensex was up 471.08 points or 1.18% at 40228.66, and the Nifty was up 132.80 points or 1.14% at 11802.

The U.S. dollar hovered near a one-month high on Tuesday as investors opted for caution in the hours ahead of polls opening on election day in the United States.

Oil prices slipped on Tuesday as worries about soaring COVID-19 cases, rapidly rising Libyan supply and U.S election jitters outweighed growing hopes that major producers would hold back on planned production increases.