Indian rupee erased all the intraday gains and ended flat at 73.58 against the US dollar on Thursday. The US treasury department has warned India's central bank to restrict its dollar purchases which has caused the rupee to remain at lower values relative to its fundamentals. But is not found to adopt unfair currency practices harming US business interests.Rupee touched intraday low of 73.60 and high of 73.39 against US dollar. The Rupee was trading 0.02% higher against CNY at 11.26. Rupee fell against EUR, JPY and GBP on today.
US dollar depreciated against major currencies. USD dropped 0.57% against EUR. USD fell against AUD. USD was trading lower against JPY,GBP, CNY, HKD and KRW.