The rupee on Friday settled almost flat at 73.35 against the US dollar in the absence of any fresh trigger.
At the interbank forex market, the rupee opened at 73.41 against the greenback and moved in a narrow range during the day in lacklustre trade. The rupee closed at 73.35, higher by just 1 paisa from its previous close of 73.36. Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.16 per cent to 93.70.
“There are no fresh cues in the market to react to and that is why we are seeing USD/INR spot consolidating in between 73-73.60.