Rupee ends marginally lower at 74.82 per dollar

Indian rupee ended marginally lower at 74.82 per dollar, amid volatility seen in the domestic equity market.

It opened flat at 74.77 per dollar against previous close of 74.77 and traded in the range of 74.76.74.93.

At 14:05 IST, the Sensex was down 55.93 points or 0.15% at 38351.08, and the Nifty was down 20.20 points or 0.18% at 11302.30.

The dollar found support on Wednesday, as a jump in US yields pushed it higher against the Japanese yen and investors wagered on a broader and deeper U.S. coronavirus recovery.

Oil prices moved higher on Wednesday after an industry report showed that US inventories of crude fell more than analysts had expected, bolstering hopes that fuel demand in the world's biggest economy can weather the coronavirus pandemic.