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The rupee was trading flat at 60.12 against the dollar at 4.37 p.m. local time.
After opening flat at 60.13 on the back of a flat opening in the domestic equity market, the rupee hovered in the range of 60.10 and 60.19 in the afternoon trade.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 80.503, down 0.07 per cent from the previous close of 80.559.
Dealers said increased demand for dollar from importers mainly put pressure on the local unit but a higher opening in the domestic equity market and gains in other currencies overseas against the dollar capped the losses.
The rupee ended flat at 60.12 against the dollar in yesterday’s trade on alternate bouts of demand and supply.
Meanwhile, the benchmark BSE Sensex rose 60.75 points or 0.23 per cent to 25,610.47 in early trade.
Call rates, bond yields
The inter-bank call money rate, the rate at which banks borrow short-term funds from each other to tide over liquidity mismatches, opened higher at 8.2 per cent from the previous close of 7.1 per cent.
The benchmark 8.83 per cent Government security, which matures in 2023, rose to ₹100.70 against ₹100.65 on Wednesday, while yields softened to 8.71 per cent against the previous close of 8.72 per cent.
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