USD/INR closed at 73.5650 against its open at 73.70. Dollar/rupee ended little changed Tuesday as the impact of likely overseas funds outflow from local stocks got offset by selling by exporters amid sharp fall in oil prices.The Reserve Bank of India intervened in the forex market around intraday high level to stem further gains in the spot pair following which exporters covered their positions.
Crude oil prices traded slightly higher as traders appeared a bit uncertain about the impact of US sanctions on Iran on global crude supply. Also, traders will follow the developments with regard to the on-going US-Saudi Arabia spat.
Brent traded 0.39% lower at $79.52/barrel while WTI traded 0.07% higher at $69.17/barrel.
Sensex ends down 148.39 points with 16 components in the red