Mumbai, January 21: In line with its two-session losing spree, the Indian rupee today ended nine paise lower against the US dollar on weak stocks amid increased capital outflows.
Sustained dollar demand from importers too weighed on the rupee sentiment.
At the Interbank Foreign Exchange (Forex) market today, the local currency that opened 10 paise down at Rs 45.63/64 a dollar from its previous close, dipped to its day’s low of 45.80, in keeping with the fall in local equities.
But some recovery in stocks amid renewed dollar demand from importers helped the rupee to rebound a high of 45.57 before settling at 45.62/63 against the greenback.
The Indian benchmark Sensex, which was during the day down by over 114 points, closed merely 0.20 per cent down at 19,007.53 points.
Meanwhile, Foreign Institutional Investors (FIIs) resumed their selling and pulled out USD 183.
–Agencies