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Indian rupee trades flat against US dollar on Tuesday
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Indian rupee was trading flat against the US dollar on Tuesday as the American currency strengthened on caution ahead of Federal Reserve’s rate decision. Meanwhile, elevated crude oil prices, weakness in domestic equities, foreign fund outflows and Middle East tensions have dampened rupee sentiments. Foreign Institutional Investors were net sellers in the capital market as they offloaded shares worth Rs 1,761.86 crore on Monday, exchange data showed.
The partially convertible currency is currently trading flat at its previous close of 83.2650 on Monday. The currency touched a high and low of 83.2725 and 83.2550 respectively.
