Re closes at 40.34/35 vs dlr

The rupee on Thursday closed barely steady at 40.34/35 against the US dollar in a two-way movements on alternate bouts of buying and selling.

In active trade at the Interbank Foreign Exchange (Forex) market, the Indian currency opened at 40.34/35 per dollar but recovered in late morning deals to a high of 40.27 a dollar on firm equity markets where the benchmark Sensex was up by nearly 113 points in early trade.

However, dollar purchases by state-run banks on behalf of the Reserve Bank of India (RBI) after afternoon pulled the rupee down to close at the opening level of 40.34/35 a dollar, barely steady against Wednesday's close of 40.35/36 a dollar.

Read more in The Economic Times