Indian rupee ended weaker against the US dollar on Tuesday amid persistent foreign fund outflows and a jump in crude oil prices weighed on investor sentiment. Traders were also worried as retail inflation for farm and rural labourers increased to 6.67 per cent and 7 per cent, respectively in May, mainly due to higher prices of certain food items. Meanwhile, Piyush Goyal states that the proposed free trade agreement with the European Union, when implemented, will provide greater market access for several domestic sectors such as textiles, leather and sports goods in the EU market. On the global front, euro rose on Tuesday, drawing support from the European Central Bank's plans to raise interest rates to contain inflation, while the yen slumped to a 24-year low as the Bank of Japan's ultra-loose monetary policy stance continued to weigh.
Finally, the rupee ended at 78.10 (provisional), weaker by 12 paise from its previous close of 77.98 on Monday. The currency touched a high and low of 78.11 and 78.00 respectively.
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