Rupee steady

MUMBAI, JAN. 7. The rupee ended quietly steady against the U.S. dollar in an extremely thin and range-bound trading at the inter- bank foreign exchange market here today.

Opening around Rs. 43.51/52 a dollar, the Indian unit was wedged in a tight band of 43.5050 and 43.5250 and later settled at 43.5050/5150 at the close, unchanged from overnight closing levels.

The rupee-dollar outright spot dealings were quiet and confined to narrow grooves with most participants sidelined and reluctant to take fresh large positions in the absence of market-moving factors. Meanwhile, the Reserve Bank of India fixed the reference rate at Rs. 43.51 a dollar.

- PTI

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