The rupee today settled on a flat note at 76 rupees and 27 paise (provisional) against the US dollar.

Forex traders said the rupee is trading in a narrow range as losses in the greenback supported the rupee, while weak domestic equities weighed on the local unit.

Moreover, investor confidence strengthened after the minutes of the central bank’s policy meeting revealed that the RBI will use any instrument necessary to revive growth and preserve financial stability.