Indian rupee ended weaker against the US dollar on Tuesday amid fresh foreign capital outflows and rising crude prices in the international market. Some cautiousness came in with report that the UK’s decision to withdraw duty benefit scheme GSP may impact Indian exporters from certain labour-intensive sectors such as leather and textiles as they were the major beneficiaries. The UK is replacing the Generalised Scheme of Preferences (GSP) with a new Developing Countries Trading Scheme (DCTS) from June 19. On the global front, the pound traded lower against the dollar and the euro on Tuesday, as money market traders awaited pivotal inflation data due on Wednesday, ahead of the Bank of England's monetary policy meeting this week.
Finally, the rupee ended at 82.12 (Provisional), weaker by 18 paise from its previous close of 81.94 on Monday. The currency touched a high and low of 82.17 and 82.03 respectively.
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