(RTTNews) - The Indian rupee moved in a broad-range against the US dollar on Tuesday as Indian shares shrugged off weak global cues after government data showed inflation dipped to 6.55 percent in January, its lowest level in more than two years, strengthening the case for further monetary easing.
The benchmark 30-share Sensex moved in the range of 17,743-17,890 before ending the day up 76 points or 0.43 percent at 17,849, while the broader Nifty index rose by 26 points or 0.48 percent to 5,416.
The rupee reached as high as 49.0950 against the dollar, but the domestic unit failed to break above yesterday's 4-day high of 49.07. The dollar-rupee pair traded mostly in a range of 49.37 and 49.09 in the afternoon session.
