Indian rupee ended stronger against dollar on Tuesday due to fresh selling of the American currency by banks and exporters. Besides, gains in local equity market also supported the rupee sentiment. Traders were taking support with Reserve Bank of India’s (RBI) data showing that India Inc's foreign investment in the first month of current fiscal (FY22) jumped by more than two-times year-on-year to $2.51 billion. Indian investors had committed $1.21 billion worth of outward foreign direct investment (OFDI) in April 2020. On the global front; pound rose to a three-month high on Tuesday as sentiment boosted by jobs data showing that Britain's unemployment fell between January and March.
Finally, the rupee ended 73.05, stronger by 17 paise from its previous close of 73.22 on Monday. The currency touched a high and low of 73.18 and 72.95 respectively.