The rupee managed to pare intra-day losses to settle higher by a marginal 4 paise at 73.31 against the US dollar on Wednesday, tracking upbeat Asian peers and late buying in domestic equities.
At the interbank forex market, the rupee traded in a narrow range. It opened at 73.39 against the US dollar and hit an intra-day high of 73.28 and a low of 73.47. The Indian currency finally settled for the day at 73.31 against the greenback, higher by 4 paise over its previous close of 73.35 - logging its first gain in three days. The dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.06 per cent to 93.47.