In the overseas market, the US dollar rose against major rivals today.
Continuing its rising streak for the fourth straight session, the rupee on Monday ended marginally higher against the American currency at 64.80 on selling of dollars by banks and exporters in view of firm trend in equity market.
Persistent foreign capital inflows mainly boosted the rupee value against the dollar, a forex dealer said.
The domestic unit opened higher at 64.77 per dollar as against last Friday's closing level of 64.81 at the Interbank Foreign Exchange market.
Later, it fell afterwards on some dollar demand by importers to 64.85, but recovered immediately to 64.73 on fag-end dollar selling from banks and exporters before ending at 64.80 per dollar, showing a mere gain of one paise or 0.02 per cent.
It has gained by 38 paise or 0.57 per cent in four days. The domestic unit hovered in a range of 64.85 and 64.73 during the morning deals.
The dollar index was traded at 0.17 per cent higher in the late afternoon trade against a basket of six currencies.
Oil prices slipped in early Asian trade, wiping out some of the previous session's gains, as investors digested the Chinese GDP data for the third quarter.
In the overseas market, the US dollar rose against major rivals today after a reading of Chinese gross domestic product came in at a better-than-expected third-quarter rate.
The Chinese government said gross domestic product grew 6.9 per cent compared with an expected 6.8 per cent in a Wall Street Journal poll of analysts, though it was the slowest growth rate since 2009.
Pramit Brahmbhatt, Veracity Group CEO, said, "Not much movement was seen in the USD/INR currency pair, the rupee continued to trade in a thin range but managed to appreciate slightly by one paise for the day & closed at 64.80.
Today local equities traded strong & closed on a positive note and ended higher by 150.32 points or 0.55 per cent which helped the rupee to trade steady against strong dollar.
The trading range for the Spot USD/INR pair is expected to be within 64.40 to 65.20.
In forward market today, premium for dollar declined further on sustained receivings from exporters.
The benchmark six-month premium payable in March moved down further to 187-189 paise from 189-191 paise on last Friday and far forward September 2016 also eased to 400-402 paise from 403-405 paise.
The RBI fixed the reference rate for the dollar at 64.8178 and for the euro at 73.7497.
The rupee fell against the pound sterling to finish at 100.32 from 100.16 previously and firmed up further against the against the euro to 73.40 from 73.60.
The domestic currency ended higher against the Japanese currency to close at 54.20 per 100 yen from 54.45.
