Rupee Settles Flat At 73.59 Against US Dollar

The Indian rupee ended just 1 paisa lower against the US dollar at 73.59 on Thursday amid a solid trend in domestic stock markets.

In the interbank forex market, the local unit opened at 73.52 against the greenback and witnessed an intra-day high of 73.39 and a low of 73.59.

It eventually finished at 73.59 against the US currency, down 1 paisa from the previous closing rate. On Wednesday the rupee had climbed 5 paise and finished at 73.58.

The dollar index, which measures the strength of the dollar against a basket of six currencies, was down 0.56 percent at 89.94.

In the domestic stock market, BSE Sensex finished 223.88 points or 0.48 percent higher at 46,890.34, while the NSE Nifty rose 58 points or 0.42 percent to 13,740.70.

Foreign institutional investors were net buyers in the capital market when they bought shares worth Rs 1,981.77 crore on Wednesday, according to exchange data. Brent crude oil futures, the global oil benchmark, rose 0.74 percent to $ 51.46 a barrel.

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