The rupee closed marginally lower at 73.52 against the American currency on Thursday, tracking a rebound in the US dollar index.
Forex traders said a bullish trend in the domestic equities and sustained foreign fund inflows supported the local unit, but firm crude oil prices and stronger dollar against key currencies weighed on overall sentiment.
At the interbank foreign exchange market, the domestic currency opened flat at 73.51, witnessed an intra-day high of 73.34 and a low of 73.52 against the American currency during day trade. The local unit finally settled for the day at 73.52, down 2 paise over its previous close.Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.24%higher at 92.77.