The domestic unit hovered in a range of 64.41 and 64.49.
FIIs head home whenever the Fed raises interest rates and this affects the rupee.
Mumbai: In a range-bound trade, the rupee ruled steady against the American currency at 64.43 per dollar in the late morning trade despite weakness of dollar
in the overseas market.
The domestic unit hovered in a range of 64.41 and 64.49 before quoting at 64.43 per dollar at 1115 hours.
Overseas, the US dollar edged lower against its major peers yesterday, but climbed against the British pound as investors questioned what would be next for the UK government as it struggles with a hung Parliament just before Brexit talks are scheduled to begin in a week.
Meanwhile, the benchmark Sensex firmed up by 105.86 points, or 0.34 per cent, to 31,201.56 in post noon trade.
Next Story
