Forex

Rupee settles flat at 72.96 against US dollar

PTI Mumbai | Updated on February 04, 2021

The Indian rupee ended unchanged at 72.96 (provisional) against the US dollar on Thursday even as the domestic equity markets scaled fresh highs.

At the interbank forex market, the local unit opened at 72.92 against the greenback and witnessed an intra-day high of 72.90 and a low of 72.96.

It finally ended at 72.96 against the American currency, unchanged from its previous close.

The dollar index, which gauges the greenback's strength against a basket of six currencies, advanced 0.28 per cent to 91.42.

The rupee is trading in a narrow range as market participants are looking ahead to cues from the Monetary Policy Committee decision due this week and the outlook on the economy by the central bank, analysts said.

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Published on February 04, 2021
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