Rupee settles on flat note, down 1 paisa at 72.69 against US dollar

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The Indian rupee settled just 1 paisa lower at 72.69 (provisional) against the US dollar on Tuesday amid a muted trend in the domestic equity market.

At the interbank forex market, the local unit opened at 72.64 against the greenback and witnessed an intra-day high of 72.63 and a low of 72.85.

It finally ended at 72.69 against the American currency, registering a fall of just 1 paisa over its previous close.

On Monday, the rupee had settled at 72.68. On Monday, the rupee had settled at 72.68.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.29 percent to 90.21.

On the domestic equity market front, the BSE Sensex ended 49.96 points or 0.10 percent lower at 52,104.17, while the broader NSE Nifty declined 1.25 points or 0.01 percent to 15,313.45.

Foreign institutional investors were net buyers in the capital market as they purchased shares worth Rs 1,234.15 crore on Monday, according to exchange data.

Brent crude futures, the global oil benchmark, fell 0.09 percent to USD 63.24 per barrel.