The rupee rebounded by 12 paise to end at 73 per US dollar Tuesday on increased selling of the greenback by exporters and softening crude oil prices.

Globally, the dollar edged up even as investor sentiment remained cautious amid the US midterm elections.

At the Interbank Foreign Exchange (forex) market, the rupee opened on a firm note at 72.98 from Monday’s close of 73.12. It gained further ground to hit a high of 72.90, driven by dollar selling by exporters.

The local unit, however, pared the initial gains and finally settled the day at 73 to the US dollar, up 12 paise.

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