The Indian rupee rebounded from its all-time low of Rs. 80.05 to close 6 paise higher at Rs. 79.92 against the US dollar on Tuesday, tracking its regional peers and a positive trend in domestic equities.
At the interbank foreign exchange market, the rupee depreciated against the dollar from its opening price of Rs. 80.00 after moving an intraday low of Rs. 80.05. Later, the local unit recovered its losses and closed at Rs. 79.92, up 6 paise from its previous level.
On Monday, the rupee declined for the first time to a low of Rs. 80 against the US dollar before closing the day 16 paise lower at Rs. 79.98 due to a rise in crude oil prices and persistent outflows of foreign funds.
On the Indian share market front, the BSE Sensex closed 246.47 points or 0.45 percent higher at 54,767.62 on the domestic equities market, while the NSE Nifty gained 62.05 points or 0.38 percent to 16,340.55.
At 106.66, the dollar index, which gauges the strength of the dollar against a basket of six different currencies, was down 0.66 percent. The benchmark for world oil, Brent crude futures, dropped 0.40 percent to USD 105.84 a barrel.
According to stock exchange data, foreign institutional investors were net purchasers on Monday in the capital market, buying shares worth Rs. 156.08 crore.
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