Continued dollar investments in shares by foreign funds helped the rupee close in the positive zone while firm dollar overseas kept the rupee's rise under check, said traders.
At the Interbank Foreign Exchange market, the local unit commenced nearly flat at 54.77 a dollar from last close of 54.78. It moved in a range of 54.65 and 54.89 before settling at 54.77, showing a rise of one paisa.
On Wednesday, rupee had closed 3 paise higher. The Indian benchmark S&P BSE Sensex on Thursday improved further by 34.37 points, or 0.17
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