The Indian rupee ended unchanged on Tuesday as mixed cues from the strength in most of its Asian peers, despite a jump in U.S. bond yields, kept the pair in a narrow range throughout the session.
The Indian rupee slightly higher on Friday as dollar demand from state-run banks and importers eroded early gains on a fall in U.S. bond yields and positive sentiment following the presentation of India s federal budget.
While the dollar-rupee pair "was well-offered during the session, the supply was absorbed promptly," a foreign exchange trader at a state-run bank said.
The Indian rupee hovered in a tight range in Monday s session and closed largely unchanged as traders awaited the outcome of the U.S. Federal Reserve meeting and India s federal budget for fresh cues.
The Indian rupee was largely flat on Wednesday despite broad weakness in its Asian peers, with traders expecting the local currency to trade in a tight range through the day.