Rupee falls 4 paise to close at 83.43 against US dollar

Mumbai, Apr 2 (PTI) The rupee on Tuesday consolidated in a narrow range and settled 4 paise lower at 83.43 against the US dollar, weighed down by a strong dollar and elevated crude oil prices.

Forex traders said a weak trend in domestic equities also dented investor sentiments.

At the interbank foreign exchange, the local unit opened at 83.37, then touched an intraday high of 83.34 and a low of 83.44 against the greenback. The rupee finally settled at 83.43, a fall of 4 paise over its previous close.

On Thursday last week, the rupee depreciated 6 paise to settle at 83.39 against the US dollar.

Forex market was closed on Friday and Monday on account of ‘Good Friday’ and the annual account closing of banks, respectively.