USD/INR closed at 69.7025 against its opening of 69.75. Dollar ended down on likely FII inflows into the local stocks and selling by exporters amid subdued dollar on Brexit optimism.
Foreign banks were the main sellers on behalf of overseas investors and subdued dollar on optimism over Brexit deal negotiation between Britain and European Union.
The greenback subdued against its major peers on the modest improvement in the investors risk appetite on Brexit optimism.
UK Prime Minister Theresa May managed to secure last minute support for her Brexit deal from European Union and UK might me closer for the approval for their Brexit deal.
Investors awaits for the UK parliamentary voting begins today for the Brexit proposal negotiations with Europe.
While, in the US, retail sales data rose modestly in January by increase in purchase of building materials and discretionary spending gave a boost to confidence.
On economic data front, Retails sales control group released by US census bureau rose to 1.1% compared to -2.3% previous release.
Meanwhile crude oil futures surged as Saudi Arabia said it will maintain it April oil exports at below 7 million barrels per day.
Brent futures for May delivery traded up at $66.82 a barrel on Tuesday.
BSE Sensex settled 1.30 percent higher at 37,535.66 while Nifty rose 1.19 percent to 11,301.20.