Mumbai: The rupee closed almost flat at 76.14 per dollar on Thursday against the US dollar with a marginal increase of two paise. Foreign capital withdrawals and a sharp rise in oil prices affected investor sentiment amid a border dispute with China.
According to foreign exchange traders, the rupee remained in a limited range as compared to other major currencies of the world due to the weakening of the US dollar and a sharp rise in the domestic stock market. However, rising cases of the corona virus, tensions at the border with China and foreign capital withdrawals curbed profits.
The rupee opened marginally lower at 76.17 against the US dollar in the interbank foreign exchange market. During trading, it went up to 76.08 in high and 76.19 per dollar in low. At the end, it closed at 76.14 with a slight gain of two paise. The rupee closed at 76.16 on Wednesday against the dollar. Meanwhile, the dollar index fell 0.05 percent to 97.10.
