The local currency opened at 74.43 against the greenback and saw intra-day highs of 74.42 and 74.69 lows during the session.
The rupee on Monday closed 19 paise lower at 74.62 (provisional) against the US dollar due to higher crude oil prices, foreign currency outflows and heavy losses in domestic equities amid rising geopolitical concerns.
Forex traders said firming up of the US currency in the overseas market and weak appetite for riskier assets also pulled down the local unit.
In addition, market participants are now eyeing the US Fed’s January 25-26 meeting for further indications.
In the interbank forex market, the local currency opened at 74.43 against the greenback and witnessed intra-day highs of 74.42 and 74.69 during the session.
The rupee finally settled at 74.62, down 19 paise or 0.26% against its previous close of 74.43.
The dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.12% higher at 95.75.
Global oil benchmark Brent crude futures rose 0.33% to $88.18 a barrel.
On the domestic equity market front, the BSE Sensex ended 1,545.67 points or 2.62% lower at 57,491.51, while the broader NSE Nifty fell 468.05 points or 2.66% to end at 17,149.10.
Foreign institutional investors remained net sellers in the capital market on Friday as they sold shares worth Rs 3,148.58 crore, according to stock exchange data.
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