Rupee settles flat at 75.19 against dollar

The rupee settled on a flat note at 75.19 (provisional) against the US dollar on July 13 amid high volatility in the domestic equity market, according to reports.
The rupee, which opened at Rs.75.20 against the US dollar, closed at Rs,75.19 against the US dollar, up by just 1 paisa over its previous close. It had settled at Rs.75.20 against the greenback on July 10.
During the four-hour trading session, the domestic unit witnessed an intra-day high of Rs.75.08 and a low of Rs.75.21 against the US dollar.
Forex traders said the rupee traded in a range-bound manner tracking high volatility in domestic equities. Moreover, investors awaited cues from Consumer Price Index (CPI) data expected to be released later in the day.
While weak US currency supported the local unit, foreign fund outflows and concerns over rising COVID-19 cases weighed on investor sentiment, traders said.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.03 per cent to 96.62.