Indian rupee ended marginally higher against dollar on Tuesday, on persistent selling of the American currency by exporters. Traders remained positive as Commerce and Industry Minister Piyush Goyal said foreign direct investment into the country is on the rise, jumping to $12.1 billion in May this year. He also said the government is working on a mission mode to achieve exports target of $400 billion in 2021-22. However, gains remain capped as some concern came with the government’s statement that summer-sown crop planting in India has been lagging as the country received below-normal rainfall, raising concerns about food grain production in Asia's third biggest economy. On the global front; dollar was steady on Tuesday, holding near the previous session's five-day low, as markets appeared less concerned by the spread of the Delta variant.
Finally, the rupee ended 74.19, stronger by 2 paise from its previous close of 74.22 on Monday. The currency touched a high and low of 74.20 and 74.11 respectively.
