Published on 13/01/2022 12:27:38 PM | Source: Accord Fintech
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel https://t.me/InvestmentGuruIndia
Download Telegram App before Joining the Channel
Indian rupee was trading flat against US dollar on Thursday as muted domestic equities following fund outflows from foreign institutional investors. Foreign Institutional Investors (FIIs) were net sellers in the capital market as they offloaded shares worth Rs 1,001.57 crore on Wednesday, exchange data showed. On the domestic macroeconomic front, India’s Index of Industrial Production (IIP) remained muted for the third straight month in November 2021; while retail inflation rose to a six-month high of 5.59 percent in December, up from November’s 4.9 percent. Less hawkish-than-expected statement from Fed Chairman Jerome Powell subdued fears of aggressive policy tightening and supported emerging market currencies.
The partially convertible currency is currently trading at its previous close of 73.93 on Wednesday. The currency touched a high and low of 73.9700 and 73.8950 respectively.
Instant Expert View: India's second-quarter GDP growth slows to 6.3% on higher prices
World stocks upbeat on hopes for China re-opening, inflation peaking
Logitech launches new webcams, headphones in India
India v New Zealand, 3rd ODI: Felt that we bowled a bit on the shorter side, says Shikhar Dhawan
