The dollar index, measuring the strength of the greenback against a basket of six currencies, showed a 0.06% decline, trading at 102.50. On Monday, the Indian rupee concluded at 83.10 against the dollar. The rupee faced downward pressure due to local demand for dollars from importers, but its decline was mitigated by positive sentiment in the domestic equity markets, fueled by foreign fund inflows. Amit Pabari, Managing Director at CR Forex, noted that importers may have rushed to purchase dollars in response to the rupee's rally. He added that the downside for the USD/INR pair is likely to be limited, hovering around the current 83.15-83.20 level.