Rupee trades flat against US dollar on Friday
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Indian rupee was trading flat against the US dollar on Friday amidst firm trend in domestic equities after the central bank’s Monetary Policy Committee decided to keep the repo rate unchanged at 6.5%. Meanwhile, firm American currency overseas and a surge in crude oil prices have also kept rupee unchanged. Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Thursday as they offloaded shares worth Rs 1,564.03 crore, exchange data showed.
The partially convertible currency is currently trading flat at its previous close of 83.36 on Thursday. The currency touched a high and low of 83.3725 and 83.3375 respectively.
