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The rupee pared some of its early gains and settled five paise higher at 73.48 (provisional) against the US dollar on Monday tracking muted domestic equities.
At the interbank forex market, the domestic unit witnessed high volatility. It opened on a strong note at 73.40 against the US dollar, pared some of its gains and finally closed at 73.48 against the American currency, registering a rise of 5 paise over its previous close of 73.53.
During the trading session, the local unit witnessed an intra-day high of 73.26 and a low of 73.70 against the greenback.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.30 per cent lower at 93.05.
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