Rupee rises 3 paise to close at 83.33 against U.S. dollar

The local unit opened at 83.37 against the greenback. The unit hit an intra-day high of 83.28 and a low of 83.39 against the greenback

The rupee appreciated by 3 paise to close at 83.33 (provisional) against the U.S. dollar on April 23 on positive domestic markets and a soft American currency.

At the interbank foreign exchange market, the local unit opened at 83.37 against the greenback. The unit hit an intra-day high of 83.28 and a low of 83.39 against the greenback.

The domestic unit finally settled at 83.33 (provisional) against the dollar, 3 paise higher from its previous close.

On Monday, the rupee appreciated by 8 paise to close at 83.36 against the U.S. dollar.

"Indian rupee appreciated on Tuesday on weak US dollar and positive domestic markets. However, a recovery in crude oil prices and FII outflows capped sharp gains," said Anuj Choudhary, Research Analyst, Sharekhan by BNP Paribas.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.01 per cent lower at 106.06, on easing tensions between Israel and Iran.

Brent crude futures, the global oil benchmark, advanced 0.29% to $87.25 per barrel.