In the previous session on Monday, the rupee had closed at 82.73 against the dollar.
Mumbai:
The rupee depreciated 3 paise to close at 82.76 against the US dollar in early trade on Tuesday, trading lower against the stronger American currency.
Forex dealers said the rupee traded in a range-bound range as a positive trend in domestic equities and easing crude prices supported the local unit and restricted losses.
At the interbank foreign exchange, the domestic unit opened weak at 82.76 against the dollar, registering a decline of 3 paise over its previous close.
In the previous session on Monday, the rupee had closed at 82.73 against the dollar.
Meanwhile, the dollar index, which measures the strength of the dollar against a basket of six currencies, rose 0.19 per cent to 104.05.
Global oil benchmark Brent crude futures fell 1.11 per cent to $83.14 a barrel.
Forex traders said the lack of triggers is reducing volumes, with the focus this week on European flash PMIs and US Fed minutes.
In the domestic equity market, the 30-share BSE Sensex was trading 104.11 points or 0.17 per cent higher at 60,795.65. The broader NSE Nifty rose 14.25 points, or 0.08 per cent, to 17,858.85.
Foreign institutional investors (FIIs) were net sellers in the capital market on Monday, selling shares worth Rs 158.95 crore, according to exchange data.
(Except for the headline, this story has not been edited by NDTV staff and is published from a syndicated feed.)
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