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Rupee ends higher

MUMBAI: The rupee moved up further in limited activity and ended moderately higher at 40.7450/7550 against the U.S. currency on Tuesday, mainly buoyed by fresh foreign institutional investment inflows into the equity market amid dollar buying by banks. State-owned banks were believed to be making purchases in dollar on behalf of the Reserve Bank of India, which attempted to offset the impact of capital inflows through the initial public offer route. The rupee closed at 40.79/80 on Monday.

— PTI

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