Rupee ends lower at 73.93 per dollar

Indian rupee ended near day's low at 73.93 per dollar, amid volatile trading seen in the domestic equity market.

Rupee opened flat at 73.81 per dollar against previous close of 73.80 and traded in the range of 73.68-73.95.

BSE Sensex ended 14.61 points or 0.03% higher at 44,632.65, and the Nifty was up 20.10 points or 0.15% at 13,133.90.

The dollar licked wounds near a 2 1/2-year low against a basket of major currencies on Thursday as investors wagered that more economic stimulus from Washington and the expected start of COVID-19 vaccinations would support riskier assets.

USD-INR December future reverted from lows in the last session despite dollar weakening and continued FII flows in equities. We believe higher levels of 74.20 should act as resistance and these can be utilised for shorting the pair, said ICICIdirect.