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Published on 23/07/2021 2:26:24 PM | Source: Accord Fintech

Rupee trades almost flat against US dollar on Friday

Posted in Currency Top News| #Rupee #US dollar #Currency News

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Indian rupee was trading almost flat against US dollar on Friday due to volatility in the domestic equity markets. Meanwhile, foreign fund outflows and firm American currency overseas also adding pressure on rupee sentiments. Foreign Institutional Investors (FIIs) were net sellers as they offloaded shares worth Rs 247.59 crore in the capital market on Thursday, exchange data showed. On the global front, the US dollar was trading bit higher and global market’s focus now shifting to next week’s US Federal Reserve meeting.

The partially convertible currency is currently trading at 74.45, stronger by 1 paise from its previous close of 74.46 on Thursday. The currency touched a high and low of 74.58 and 74.43 respectively.