The rupee settled 6 paise lower at 89.22 against the greenback

Mumbai: The rupee fell 6 paise to 89.22 against the greenback on Tuesday on negative cues from domestic equity markets.

Falling crude oil prices supported the Indian currency lower, although foreign fund withdrawals kept the rupee under pressure, forex analysts said.

In the interbank foreign exchange market, the rupee opened at 89.02 and touched an intra-day low of 89.27 against the greenback. The unit ended the session at 89.22 against the US dollar, recording a loss of 6 paise from its previous closing level.

The rupee settled over 50 paise higher at 89.16 against the greenback on Monday, a day after touching a lifetime low of 89.66 against the US dollar on Friday.

Meanwhile, the dollar index, which measures the greenback’s strength against a basket of six currencies, was 0.06% lower at 100.01.