2025-10-06 12:18:05 pm | Source: Accord Fintech
Rupee trades flat against US dollar on Monday
The Indian Rupee was trading flat against the US dollar on Monday amid firm domestic equities and likely IPO-related inflows. Meanwhile, persistent foreign fund outflows and firm American currency have also kept the rupee under pressure. Foreign institutional investors offloaded equities worth Rs 1,583.37 crore on a net basis on Friday, exchange data showed. besides, the RBI data showed that India's foreign exchange reserves dropped by $2.334 billion to $700.236 billion during the week ended September 26.
The partially convertible currency is currently trading flat at its previous close of 88.79 on Friday. The currency touched a high and low of 88.7925 and 88.7450 respectively.
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