Rupee trades flat against US dollar on Monday
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Indian rupee was trading flat against the US dollar on Monday, tracking weak trend in domestic equities on caution ahead of key US consumer price index inflation data for more cues on the path of interest rates. Meanwhile, fresh foreign fund inflows, muted American currency and easing crude oil prices have supported rupee. Foreign institutional investors were net buyers in the capital markets on Thursday as they bought shares worth Rs 7,304.11 crore, exchange data showed. India's forex reserves jumped $6.55 billion to $625.626 billion for the week ended March 1, RBI said on Friday. The forex market was closed on Friday for Mahashivratri holiday.
The partially convertible currency is currently trading flat at its previous close of 82.67 on Thursday. The currency touched a high and low of 82.74 and 82.6475 respectively.
