The Indian rupee declined 3 paise to close at 76.18 (provisional) against the US dollar on Wednesday, tracking the strength of the greenback in the overseas market and weak domestic macroeconomic data. At the interbank foreign exchange market, the rupee opened lower at 76.15 against the American currency, then slipped further to 76.26. It finally settled at 76.18, down 3 paise over its previous close. On Tuesday, the rupee fell 24 paise to end at 76.15. Meanwhile, the dollar index, which gauges the greenbacks strength against a basket of six currencies, was trading 0.13 per cent higher at 100.42.
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