Rupee gains 6 paise to end at 82.70 against U.S. dollar

Muted domestic equities, unabated foreign capital outflows and rising crude prices restricted the rupee's rise, forex dealers said

The rupee appreciated 6 paise to close at 82.70 against the U.S. dollar on Tuesday, as a weak American currency against major rivals overseas boosted investor sentiments.

However, muted domestic equities, unabated foreign capital outflows and rising crude prices restricted the rupee's rise, forex dealers said.

At the interbank foreign exchange market, the local unit opened strong at 82.68 and touched an intra-day high of 82.62 and a low of 82.80 against the greenback.

It finally settled at 82.70, up 6 paise over its previous close of 82.76.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, slipped 0.08% to 103.54.

Global oil benchmark Brent crude futures rose 1.69% to $82.36 per barrel.

On the domestic equity market front, the 30-share BSE Sensex declined 220.86 points or 0.37% to end at 60,286.04, while the broader NSE Nifty slipped 43.10 points or 0.24% to 17,721.50.