The rupee ended 4 paise lower at 78.17 against the US dollar in early trade on June 22, tracking a muted trend in the domestic equity market and a stronger US dollar.
However, lower crude oil prices in the international market supported the local unit and limited its decline, forex dealers said.
At the interbank foreign exchange, the rupee opened unchanged at 78.13 against the US dollar, then closed at 78.17, recording a fall of 4 paise over the previous close.
The rupee had closed at 78.13 against the US dollar in the previous session.
On the domestic equity market front, the 30-share Sensex was trading 364.12 points or 0.69% lower at 52,167.95, while the broader NSE Nifty fell 123.10 points or 0.79% to 15,515.70.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.17% to 104.61.
Global oil benchmark Brent crude futures fell 3.47% to $110.67 a barrel.
Foreign institutional investors remained net sellers in the capital markets on Tuesday as they sold shares worth 2,701.21 crore, according to exchange data.