Rupee ends flat at 74.30 per dollar

Indian rupee ended flat at 74.30 per dollar, amid volatile trade seen in the domestic equity market.

It opened flat at 74.31 per dollar versus Tuesday's close of 74.32 and remained in the range of 74.24-74.45.

At 14:32 IST, the Sensex was up 159.19 points or 0.41% at 39003.07, and the Nifty was up 56 points or 0.49% at 11528.30.

Rock bottom interest rates and concerns about a more dovish inflation policy have reduced the appeal of the US currency while a relatively high level of Covid-19 infections is also casting doubts on the speed of the US economic recovery relative to other regions, said ICICIdirect.

The dollar-rupee August contract on the NSE was at 74.26 in the last session. The open interest in the August series declined 16.05% while it increased 19.04% in the next series, it added.