The Indian rupee was flat in afternoon trade on Friday tracking a largely steady domestic sharemarket.
At 2:25 pm the partially convertible rupee was at 46.60/61 per dollar, little changed from 46.58/59 at close on Thursday, when it had hit 46.79 during trade, its lowest since June 11.
href="http://economictimes.indiatimes.com/markets/forex/Rupee-largely-steady-tracking-shares/articleshow/6119911.cms">http://economictimes.indiatimes.com
The rupee has so far traded in a range of 46.44 to 46.73. The rupee dropped earlier due to gold-related dollar demand and some arbitrage opportunity between the onshore forwards and futures markets.
The index of the dollar against six major currencies was down 0.1 per cent. Most regional currencies rose against the dollar.
The dollar steadied on Friday after steep losses the previous day on growing concerns about the US economy, with key US non-farm payrolls data looming.
Indian shares were seesawing between marginal gains and losses, providing little clarity on fund flows.
In the currency futures market, the most traded near-month dollar-rupee contracts on the National Stock Exchange and MCX-SX were both at 46.76 respectively, with the total traded volume on the two exchanges at about $4 billion.
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