Rupee ends almost flat at 78.03 against U.S. dollar

After the rupee had depreciated by 11 paise to close at a fresh lifetime low of 78.04. on June 13, it has inched up 1 paisa to close at 78.03 on June 14

Staging a marginal recovery from its lifetime low, the rupee inched up 1 paisa to close at 78.03 (provisional) against the US dollar on June 14 amid a weak greenback overseas.

Forex traders said lacklustre domestic markets, elevated crude oil prices and persistent foreign capital outflows weighed on the local unit.

At the interbank forex market, the rupee opened at 78.02 against the greenback and witnessed an intra-day high of 77.90 and a low of 78.07. It finally settled at 78.03, up just 1 paisa over its previous close.

On June 13, the rupee had depreciated by 11 paise to close at a fresh lifetime low of 78.04.

The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.05% to 105.02.

"The Indian rupee has been on a downward trajectory since the beginning of the year and has depreciated around 5% so far in 2022.