(RTTNews) - The Indian rupee that fell against the US dollar at the beginning of Tuesday's trading, tracking weakness in local equities and euro, erased some of its losses in the latter part of the session. Although the domestic unit drifted higher to 44.3845 versus the greenback, it failed to break above yesterday's 8-week high of 44.3350.
The Indian market closed on a subdued note with profit taking after a sharp rally last week and subdued Asian cues amid a lack of direction from the U.S. markets keeping investors on the sidelines. That said, data showing a rebound in India's service sector activity in June and reports about the revival of south-west monsoon helped the benchmark indexes end off their day's lows.
The BSE Sensex moved in the range of 18,838-18,694 before closing down 70 points or 0.37 percent at 18,745, while the broader Nifty index fell by 18 points or 0.33 percent to 5,632.
