The rupee on Tuesday ended up marginally by 4 paise at 49.93/94 against the U.S. currency, on fresh selling of dollar by banks and exporters amid sustained foreign capital inflows.
Dealers said renewed selling of dollar by banks and exporters in view of persistent capital inflows from foreign funds into the equity market mainly boosted the rupee.
The rupee moved between 49.79 and 49.94 at the Interbank Foreign Exchange (Forex) Market before settling at 49.93/94, higher by 4 paise from its previous close.
Foreign institutional investors (FIIs) made substantial purchases over the past two trading sessions. FIIs bought shares worth a net Rs. 1,298.64 crore on Monday as per provisional data from the stock exchanges.
