Mumbai: The rupee washed out its initial gains against the US currency and ended steady at 67.95 against the US dollar on fag-end demand for the American currency from banks and importers in view of uncertainty in the currency market. Besides, dollar’s weakness against some other currencies overseas supported the rupee.
The domestic unit gained 19 paise to 67.76 against the dollar in early trade at the Interbank Foreign Exchange market today. The local currency hovered in a range of 67.72 and 68 before quoting at 67.93, up 2 paise at 4.45 pm local time.
Yesterday, the rupee had closed steady at 67.95 per dollar on alternate bouts of selling and buying of the greenback amid persistent concerns over the UK leaving the European Union. Meanwhile, the 30-share BSE index Sensex ended higher by 121.59 points or 0.46 per cent at 26,524.55.