The rupee had closed 20 paise higher at 76.30 against the US dollar in the previous session.
The rupee had closed 20 paise higher at 76.30 against the US dollar in the previous session.
The rupee opened flat against the US dollar on Thursday amid a strong US currency in the overseas market and a firm trend in the domestic equity market.
Besides, foreign fund outflows and volatility in international crude oil prices weighed on investor sentiment, said forex traders.
At the interbank forex, the rupee opened slightly stronger at 76.28 against the US dollar but soon eased gains to bid at 76.31, registering a fall of just 1 paise over the previous close.
The rupee had closed 20 paise higher at 76.30 against the US dollar in the previous session.
The dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.14% to 100.56.
On the domestic equity market front, the 30-share Sensex was trading 381.36 points or 0.67% higher at 57,418.86, while the broader NSE Nifty rose 106 points or 0.62% to 17,242.55.
Global oil benchmark Brent crude futures rose 1.23% to $108.11 a barrel.
Foreign institutional investors were net sellers in the capital markets on Wednesday as they sold shares worth 3,009.26 crore, according to stock exchange data.