Rupee ends marginally higher at 75.63 per dollar

Indian rupee ended marginally higher at 75.63 per dollar, amid volatile trade seen in the domestic equity market.

Domestic currency opened higher at 75.62 per dollar against previous close of 75.71. It touched 75.49 in the intraday trade.

At 14:06 IST, the Sensex was up 222.59 points or 0.70% at 31937.94, and the Nifty was up 59.05 points or 0.64% at 9352.55.

"The Indian rupee posted losses of 0.82 percent to close at 75.72 against the US dollar amid resurfacing of trade tensions between the US and China. The greenback surged following safe-haven buying as uncertainty increased after President Trump threatened to impose new tariffs on China," said Sugandha Sachdeva VP-Metals, Energy & Currency Research, Religare Broking.

"Alongside, the selloff in domestic and global equities has led to selling pressure in the domestic currency at the beginning of the week."

"Going ahead, the sentiments remain weak and fresh concerns that trade tensions could delay an economic recovery are likely to weigh on the local unit. The Indian rupee is likely to gyrate in the range of 75.20 and 76.60 in near term," she added.