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Rupee strengthens against US dollar on Tuesday
Sep-21-2021

Indian rupee strengthened against the US dollar on Tuesday amid sustained foreign fund inflows into the capital market, while weakness in the American currency at overseas market also supported rupee sentiments. Foreign Institutional Investors (FIIs) were net buyers in the capital market as they purchased shares worth Rs 92.54 crore on Monday, exchange data showed. Although, rising crude oil prices, weakness in domestic equities along with mounting concerns about default of Chinese real estate giant Evergrande capped further gains in rupee. Meanwhile, global investors waited for tapering cues from a US Federal Reserve meeting later within the week.

The partially convertible currency is currently trading at 73.59, stronger by 15 paise from its previous close of 73.74 on Monday. The currency touched a high and low of 73.7400 and 73.5800 respectively.

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