Despite the inflation data, the rupee stayed somewhat flat against the dollar, trending between 61 and 61.65 per dollar in the intra-day.
The rupee closed at 61.19/20 per dollar compared to its previous close of 61.27/28 on Monday.
“Despite the Finance Minister stating that the government will take some actions to control the rupee's continued fall against the dollar, it seems that the market wants to see the plans put into action,” said Raghu Kumar, Co-founder, RKSV, a leading broking firm.