INR Vs USD: On Monday, the rupee had ended at 73.45 against the US dollar.The rupee fell 16 paise to 73.61 against the US dollar in early trade on Tuesday, reported news agency Press Trust of India (PTI).
Increased demand of the greenback from importers and sustained foreign fund outflows hurt the rupee's sentiment, traders were quoted as saying in the PTI report.
The rupee opened lower at 73.58, and further extended its fall to 73.61 against the dollar.
The fall in the rupee, was however, restricted as the dollar weakened against some currencies overseas and crude oil prices softened, traders said.Brent oil prices dipped , weighed down by the ongoing weakness in global stock markets and by signs of rising global supply despite looming sanctions on Iran's crude exports.
Front-month Brent crude oil futures were at $77.05 a barrel at 0428 GMT or 9:58 am IST, down 29 cents, or 0.4 per cent, from their last close, reported news agency Reuters.On Monday, the rupee had ended at 73.45 against the US dollar.Meanwhile, after a weak opening, the domestic stock markets turned green.
At 10:39 am, the SP BSE Sensex traded at 34,136.42, up 69.02 points or 0.20 per cent and the Nifty50 index of the National Stock Exchange (NSE) was at 10,274.90, with a gain of 24.05 points or 0.23 per cent.