Rupee ends at day's high at 73.52 per dollar

Indian rupee rose 38 paise to end at day's high level at 73.52 per dollar, amid volatile trading seen in the domestic equity market.

It opened 8 paise higher at 73.82 per dollar against previous close of 73.90 and traded in the range of 73.52-73.83.

BSE Sensex was up 181.54 points or 0.40% to close at 45,608.51, while Nifty added 37.20 points or 0.28% at 13,393.

"The range of 73.60-74 continues as RBI buys and others sell. Yesterday, we got 73.95 to sell and if RBI continues to buy, we may again get the same level today too. Importers to hedge near 73.65-70 levels. Brexit and other events have had no effect on Indian equity and currency markets," said Anil Kumar Bhansali, Head- Treasury, Finrex Treasury Advisors.

Oil prices fell on Tuesday, adding to losses from the previous session that came as California tightened its pandemic lockdown through Christmas and coronavirus cases continued to surge in the United States and Europe.

USD-INR December futures depreciated and again moved above 74 levels despite continued inflows in equities. We still believe higher levels of 74.20 should stay immediate resistance and can be utilised for shorting the pair, said ICICIdirect.