Rupee Vs Dollar Today: The rupee settled at 74.42 against the dollarThe rupee rose 29 paise to settle at a more than one-month high of 74.42 versus the United States dollar on Thursday, December 30, following year-end dollar selling by banks and exporters amid soft domestic equities.At the interbank foreign exchange market, the domestic unit opened at 74.56 versus the dollar and signed up an intra-day high of 74.38.

It saw a low of 74.65.

In an early trade session, the regional system rose 15 paise to 74.56 versus the dollar.

The domestic unit settled at 74.42 - a level not seen since November 24.

Lower commodity costs and gains in Asian peers likewise supported the rupee sentiment, according to analysts.Meanwhile, the dollar index, which measures the greenback's strength versus the basket of six currencies, increased 0.26 percent to 96.18.

The dollar rose versus significant rival currencies in holiday-thinned trading as financiers remained meticulously optimistic about the financial effects of a surge in cases of the Omicron coronavirus variant.Mr Amit Pabari, MD, CR Forex: While worldwide FX markets are silent and DXY is hovering near the 96 mark; the Indian Rupee is riding on its valuing mode to trade near a one-month high against USD.Amid greater oil costs, worldwide yields are skyrocketing again.

The US 2-10 year yield curve even more flattened to multi-month levels which could be a positive indication for the US dollar index.

Post-holiday period, we might see traders again wagering for stronger United States dollar on Fed rate walking and might pressurize on the Rupee.But till that time, motion will be guided RBI's action against excess liquidity.

In general, we are expecting the USDINR set to sell the variety of 74.20 to 75.50 with a downside bias.

Domestic Equity Markets Today: On the domestic equity market front, the BSE Sensex ended 12.17 points or 0.02 per cent lower at 57,794.32, while the broader NSE Nifty declined 9.65 points or 0.06 percent to 17,203.95.

Standard indices continued to trade in a narrow variety on the back of thin volumes due to warm financier activity ahead of the year-end.

After a muted opening, the Nifty relocated a narrow variety in between 17150 to 17250.

It made a number of attempts to hold on to the higher terrain at 17250 but slipped from the level due to an absence of follow-through purchasing interest.For the bulls, 17275 would be the essential breakout level to enjoy and if the index manages to trade above the very same, we can expect a quick uptrend towards 17325-17375 levels, stated Shrikant Chouhan, Head of Equity Research Study (Retail), Kotak Securities.According to exchange information, the foreign institutional financiers were net sellers in the capital market on December 29, as they offloaded shares worth Rs 975.23 crore.

Brent crude futures, the international oil criteria, fell 0.68 percent to $78.69 per barrel.