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Indian rupee strengthened against the US dollar on Tuesday amid firm domestic equities following a pullback in crude oil prices and the dollar index at overseas markets. Moreover, RBI's regular intervention also supported rupee sentiments. However, sustained foreign fund outflows limited further gains in rupee. Foreign Institutional Investors were net sellers in the capital markets as they sold shares worth Rs 593.66 crore on Monday, exchange data showed. Meanwhile, investors are keenly awaiting US Federal Reserve Chair Jerome Powell's speech this week for more clues on the central bank's interest rate path.

The partially convertible currency is currently trading at 83.24, stronger by 3 paise from its previous close of 83.27 on Monday. The currency touched a high and low of 83.2450 and 83.22 respectively.