By laksh5382 
Rupee It remained steady at 84.07 (provisional) against the US dollar on Tuesday as support from positive domestic markets and softening crude oil prices were negated by persistent foreign fund outflows.
Forex traders said the rupee was hovering around a record low as a stronger dollar weighed on the local unit, while positive domestic equities, weak crude prices and suspected intervention Reserve Bank of India (RBI) The local currency found support at lower levels.
At the interbank foreign exchange, the rupee opened at 84.08 against the greenback. It traded in a tight range and ended the day at 84.07 (provisional), unchanged from its previous close.
On Monday, the rupee increased by 1 paise and closed at 84.07 against the US dollar. The local currency touched its lowest close of 84.10 against the dollar on October 11.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.04 percent lower at 104.27.
According to traders, the rupee is under heavy pressure mainly due to continuous foreign fund withdrawal. However, despite the ongoing challenges in the market, the fall in crude oil prices has helped ease the pressure on the rupee.
Global oil benchmark Brent crude rose 0.74 percent to $71.95 per barrel in futures trade.
On the domestic equity market front, Sensex rose 363.99 points or 0.45 per cent to 80,369.03. Nifty rose 127.70 points or 0.52 percent to reach 24,466.85.
Foreign institutional investors (FIIs) were net sellers in the capital market on Monday as they sold shares worth Rs 3,228.08 crore, according to exchange data.