Indian Rupee ended lower against the US dollar on Tuesday as the strength of the American currency in the overseas market and a muted trend in domestic equities weighed on investor sentiments. Traders got concerned after the labour ministry has said that retail inflation for farm and rural workers rose to 6.85 per cent and 6.88 per cent, respectively, in January 2023, mainly due to higher prices of certain food items. In January last year, the inflation numbers for farm and rural workers was at 5.49 per cent and 5.74 per cent, respectively. On the global front, rouble weakened on Tuesday despite increased demand for the currency ahead of month-end tax payments as President Vladimir Putin prepares to update Russia's political and military elite on the Ukraine conflict.
Finally, the rupee ended at 82.82 (Provisional), depreciate by 9 paise from its previous close of 82.73 on Monday. The currency touched a high and low of 82.83 and 82.73 respectively.
