17/07/2023 12:15:30 PM | Source: Accord Fintech
Rupee trades flat against US dollar on Monday
Indian rupee was trading flat against the US dollar on Monday in wake of an uptick in American currency and weak Chinese GDP data, while sustained foreign fund inflows into the capital market supported rupee. Foreign Institutional Investors (FIIs) were net buyers in the capital markets on Friday as they purchased shares worth Rs 2,636.43 crore, exchange data showed. Meanwhile, India's foreign exchange reserves jumped $1.229 billion to $596.28 billion in the week ended July 7, the RBI said.
The partially convertible currency is currently trading flat at its previous close of 82.17 on Friday. The currency touched a high and low of 82.2050 and 82.1175 respectively.
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
AI can add $4.4 trillion to global economy, but digi...
Donald Trump 2.0 jitters: Sensex tanks over 1,200 po...
HCL Technologies trades higher on the BSE
MTaI Gears up for MedTekon: A Premier Dialogue on Me...
NTPC-CEB JV finalizes landmarked Tariff for large-sc...
Markets in transitional phase; moderate returns expe...
Param Renewable Energy Earns Global Recognition for ...
HDFC Mutual Fund Launches Planet Aspirations Quiz 20...
Zypp Electric strengthens senior leadership; appoint...
DEE Development jumps on commissioning 2nd phase of ...
