The rupee pared initial gains to settle almost flat at 75.94 (provisional) against the US dollar on Monday as weak domestic equities negated the impact of easing crude oil prices. At the interbank foreign exchange market, the rupee opened at 75.94 against the American dollar and oscillated between a high of 75.79 and a low of 76.09 during the session. The rupee finally settled at 75.94 against the dollar, down 1 paise from the previous close. On Friday, the rupee appreciated 10 paise to settle at 75.93 against the US dollar. Meanwhile, the US dollar index, which measures the greenbacks strength against the basket of six currencies, fell 0.09 per cent to 99.71.
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