Mumbai, June 23: The rupee declined 13 paise to close at 94.76 against the US dollar on Tuesday, weighed down by a firm greenback and weak domestic markets.
However, a decline in global crude oil prices cushioned against a sharper decline in the local unit, forex traders said.
At the interbank foreign exchange, the rupee opened at 94.73 against the US dollar and traded in a range of 94.63-94.92 before settling at 94.76, down 13 paise from its previous close. (PTI)
The rupee depreciated 30 paise to close at 94.63 against the US dollar on Monday.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 101.09, up 0.07 per cent, amid hawkish Fed and the fragile US-Iran trade deal.
Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury, said the rupee is expected to remain range-bound between 94.20 and 95.00 levels, with upticks to the dollar getting sold off while dips are bought. (PTI)
