On Tuesday, the rupee strengthened versus the US dollar by 4 paise to close at 83.24 (provisional) as investor confidence increased due to a surge in local equities markets. However, rising petroleum prices in international markets and safe-haven dollar purchases in response to worries over the Middle East crisis hurt the domestic currency, according to FX dealers.

The rupee began trading at 83.23 on the interbank foreign exchange and fluctuated just little between 83.22 and 83.26 versus the dollar. It ultimately reached 83.24 (provisional), up 4 paise from the previous closing. The rupee lost 1 paise on Monday, falling to 83.28 versus the US dollar.

The dollar index, which measures the strength of the dollar relative to a basket of six different currencies, was down 0.27 percent at 105.80. The benchmark for world oil, 

Brent crude futures, decreased by 0.23% to USD 87.95 per barrel.The BSE Sensex finished at 66,079.36, 

Up 566.97 points, or 0.87 percent, on the domestic equities market. The larger NSE Nifty increased 19,689.85 points, or 177.50 points, or 0.91 percent. According to exchange statistics, 

Foreign Institutional Investors (FIIs) sold shares worth Rs 997.76 crore on Monday, making them net sellers in the capital market.

Disclaimer: We don,t provide any Investment advice.