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MUMBAI: FII inflows underpinned the rupee on Tuesday, lifting it to 43.70 levels at the close, up 2 paise from its previous close of 43.72.

"Sentiment in the rupee was upbeat on expectations of healthy FII inflows in the coming days," said a dealer with a public sector bank here.

The Indian unit opened the day at 43.70 levels, which was also its intra-day high. It traded in a 2-paise band, with the low being hit at 43.72 to the dollar.

There was not much volatility in the forwards segment, where the six-month forward closed at 2.36 per cent as against 2.12 per cent in the previous session. The 12-month forward ended the day at 1.70 per cent (1.79 per cent).

The debt market had another dull session with oil price concerns and uncertainty ahead of the FOMC and auction announcements, keeping market players to the sidelines.

Securities instruments drifted down by 15-20 paise during the day, with the benchmark 7.38 per cent 10-year paper finishing at 6.72 per cent (6.70 per cent).

In the inter-bank money market, the call rate finished flat at 4.70-4.80 per cent levels. There was adequate liquidity in the market with Rs 23,000 crore being put through in the repo market.

In the CBLO market, 158 trades aggregating Rs 5,456.60 crore were put through in the rate range of 4.50-4.75 per cent.

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