Indian rupee recovered marginally against the US dollar on Tuesday despite weak domestic equities. However, strengthening American currency overseas and foreign fund outflows adding downward pressure on rupee and capped further gains on rupee. Foreign Institutional Investors (FIIs) were net sellers as they offloaded shares worth Rs 2,198.71 crore in the capital market on Monday, exchange data showed. On the global front, US dollar traded near multi-month highs against its major rivals as fears grow that Delta coronavirus variant could upend the global economic recovery.
The partially convertible currency is currently trading at 74.86, stronger by 2 paise from its previous close of 74.88 on Monday. The currency touched a high and low of 74.95 and 74.8350 respectively.
