The Indian rupee settled just 1 paisa lower at 72.69 against the US dollar on Tuesday as importers’ greenback purchases offset the impact of a weak dollar overseas.
At the interbank forex market, the local unit opened at 72.64 against the American currency and witnessed an intra-day high of 72.63 and a low of 72.85.
It finally ended at 72.69, registering a fall of just 1 paisa over its previous close. The dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.29 per cent to 90.21.