19-10-2023 12:31 PM | Source: Accord Fintech
Rupee trades flat against US dollar on Thursday
![](https://portfolio.investmentguruindia.com/uploads/news/Rupee Dollar.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Indian rupee was trading flat against the US dollar on Thursday amid weak trend in domestic equities following worries of escalating geopolitical tensions in the Middle East. Moreover, sustained foreign fund outflows and strength of American currency at overseas market also weighed on rupee sentiments. Foreign Institutional Investors were net sellers in the capital markets as they sold shares worth Rs 1,831.84 crore on Wednesday, exchange data showed. Meanwhile investors are awaiting US Federal Reserve Chair Jerome Powell’s speech for further clues on the Fed’s interest rate path.
The partially convertible currency is currently trading flat at its previous close of 83.28 on Wednesday. The currency touched a high and low of 83.27 and 83.25 respectively.
Latest News
![](https://portfolio.investmentguruindia.com/uploads/news/insurance 123.jpg)
Insurance Sector Update : Motor drags down overall g...
![](https://portfolio.investmentguruindia.com/uploads/news/Axis Securities Ltd.jpg)
Sell Gold Below 72700 SL Above 72950 TGT 72400/72100...
![](https://portfolio.investmentguruindia.com/uploads/news/Wipro.jpg)
Wipro shares nosedived over 9 pc after missed earnin...
![](https://portfolio.investmentguruindia.com/uploads/news/2b1715f7e03b51b0ac9c014eb224fc1f.jpg)
Economic Survey links mental health disorders with '...
![](https://portfolio.investmentguruindia.com/uploads/news/gdp22.jpg)
India's GDP growth for FY25 to surpass Economic Surv...
![](https://portfolio.investmentguruindia.com/uploads/news/Geojit Financial Services.jpg)
Evening Roundup : A Daily Report on Bullion Energy &...
![](https://portfolio.investmentguruindia.com/uploads/news/Dollar retures 2.jpg)
FIIs stood as net buyers in equities as per July 22 ...
![](https://portfolio.investmentguruindia.com/uploads/news/health22.jpg)
Union Budget: Experts urge government to remove 18 ...
![](https://portfolio.investmentguruindia.com/uploads/news/Arvind Kapil, MD and CEO, Poonawalla Fincorp.jpg)
Poonawalla Fincorp AUM up 52% YoY to Rs 26,972 crore...
![](https://portfolio.investmentguruindia.com/uploads/news/stock8.jpg)
Sensex ends lower ahead of Union Budget 2024-25