USD/INR closed at Rs 69.60 Tuesday compared to its opening Rs 69.49. USD/INR ends up on strong dollar amid buying by oil importers. Adding to this, the dollar index, which tracks the movement of greenback against a basket of six major currencies, traded at 96.93 Tuesday compared to 96.81 at close of Indian market on Monday.
The greenback surged as the global risk appetite lowered after the US bank earnings from Goldman Sachs and Citigroup showed the declining revenue in their first quarter results.
Crude oil futures trading down after the Russian finance minister Anton Siluanov said over weekend that the nation and OPEC may boost crude oil production to fight for the market share with the US.
OPEC and its allies including Russia will meet in June to decide whether to continue withholding supply.
Sensex provisionally ends at record closing of 39,275.64 with 25 components in the green.