Rupee settles flat at 73.59 against US dollar
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The Indian rupee ended just 1 paisa lower at 73.59 against the US dollar on Thursday despite a weak greenback overseas and a firm trend in the domestic equity markets.
RBI"s intervention to absorb the dollar inflows kept the rupee steady, traders said. At 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 finally ended at 73.59 against the American currency, registering a fall of 1 paisa over its previous close.
On Wednesday, the rupee had climbed 5 paise to finish at 73.58.
