The rupee depreciated by 15 paise to settle at 73.17 against the US dollar on Tuesday, in tandem with most Asian currencies as fresh lockdowns in Europe and rising geopolitical tensions in the Middle East sapped risk appetite.
However, unabated foreign fund inflows and weakness of the American currency in the overseas market restricted the rupee’s fall, forex dealers said.
At the interbank forex market, the domestic unit opened flat at 73.02 against the greenback. It swung between a low of 73.27 and a high of 73.02 during the session.