The rupee depreciated for the second consecutive day, falling 28 paise against the US dollar on Tuesday, June 1, to settle at 72.90, tracking muted domestic equities. The domestic unit opened on a marginally positive note at 72.57 against the dollar on the interbank foreign exchange market and swung between 72.54 to 72.94 per dollar during the session. In an early trade session, the domestic currency rose eight paise to 72.54 against the greenback. The local unit lost 45 paise in the two trading sessions to Tuesday.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.01 per cent to 89.83.
On the domestic equity market front, the BSE Sensex ended 2.56 points lower at 51,934.88, while the broader NSE Nifty slipped 7.95 points or 0.05 per cent to close at 15,574.85.
According to exchange data, the foreign institutional investors were net buyers in the capital market on May 31 as they purchased shares worth Rs 2,412.39 crore. Brent crude futures, the global oil benchmark, rose 2.02 per cent to $ 70.72 per barrel.