The Indian rupee traded in a narrow range and settled 4 paise higher at 76.35 (provisional) against the US dollar on Thursday, despite a muted trend in domestic equities. At the interbank forex market, the local unit opened at 76.37 against the greenback and witnessed an intra-day high of 76.24 and a low of 76.41. The rupee settled at 76.35, registering a rise of 4 paise over its previous close. In the previous session, the rupee had settled at 76.39 against the US dollar. Meanwhile, the dollar index, which measures the greenbacks strength against a basket of six currencies, rose 0.18 per cent to 98.79.
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