Indian rupee depreciated against major currencies. The Indian rupee weakened to its lowest level in three weeks on Tuesday tracking strength in the U.S. dollar. The rupee opened at 72.85 against US dollar and traded in the range of 72.76-73.46 during the day. The rupee finally ended at 73.38 against the American currency, registering a fall of 87 paise over its previous closing.
The immediate reason for the fall was a strengthening dollar and rising bond yields. The U.S. dollar index rose to above 93 in Asian trade while the 10-year U.S. yield rose to above 1.7%. This pulled down currencies across the region but the Indian unit saw the steepest fall.
On the domestic equity market front, the BSE Sensex ended 1,128.08 points or 2.30 per cent higher at 50,136.58, while the broader NSE Nifty advanced by 337.80 points or 2.33 per cent to 14,845.10.
EUR/USD was down 0.32% to 1.1736. USD/JPY was up by 0.55% to 110.35. GBP/USD traded down by 0.18% to 1.3753.