Rupee trades flat against US dollar on Monday
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Indian rupee was trading flat against the US dollar on Monday amid persistent foreign outflows from the capital markets. Foreign institutional investors were net sellers in the capital market as they offloaded shares worth Rs 706.84 crore on Friday, exchange data showed. Further, growing concerns over re-emergence of Covid-19 in some parts of the world, recession worries in the US, and rising crude oil prices also kept investors cautious.
The partially convertible currency is currently trading flat at its previous close of 82.82 on Friday. The currency touched a high and low of 82.8375 and 82.79 respectively.
