Rupee ends slightly lower on importers’ dollar demand

The Indian rupee ended slightly lower against the US dollar on Tuesday due to dollar demand from importers, compared to its previous session close of 81.9575, despite hitting a high of 81.75, credited to anticipated dollar inflows. The Reserve Bank of India does not want to appreciate the currency too much and so has kept it within a range. Meanwhile, the Chinese yuan was supported by the central bank to prevent depreciation, while U.S. Federal Reserve data expected on Wednesday may influence its next rate decision.