On Tuesday, the Indian rupee (INR) ended up 6 paise lower at the value of 83.56 against the US dollar. This was followed by a mutual trend of the domestic equity market along with the strong power of the American currency in the overseas market, which caused the value of the INR to fall. The Forex traders even reported that the demand of oil importers has increased over the past few days, due to which the US dollar has been strong.

Along with that, the price of the Crude Futures also increased, which pressured the domestic currency to depreciate in the market. When talking about the interbank foreign exchange, the Indian rupee opened at the value of 83.49 and also saw its day low of 83.58, whereas it settled at the value of 83.56 against the dollar.

On Monday, the Indian rupee finished at the price of 83.50, dropping 10 paise against the American currency. Various trade analysts have also said that the fall in the currency might continue, and the rupee will be continuing in the range of 83.30 and 83.80 over the next few days. 

On the other side, the dollar index, which comprises six Asian currencies, saw a greenback strength, as it finished the day at 105.25, gaining 0.10% to end up above its previous level. The Global oil benchmark, Brent Crude Futures, also decreased by 0.05% to end the day at the value of 81.59 US dollars per barrel.

The BSE Sensex, which comprises 30 stocks, declined by a value of 33.49 points and finished the day at 76,456.59 points. The NSE Nifty, which consists of 50 stocks, saw an upward movement to finish at 23,264.85 points, gaining 5.65 points throughout the day.

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