Rupee trades flat against US dollar on Thursday
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Indian rupee was trading almost flat against the US dollar on Thursday, tracking positive trend in domestic equities and weak American currency after global bond yields fell on dovish comments from Chicago Fed President Austan Goolsbee. Meanwhile, investors are now awaiting the release of US retail sales and initial jobless claims data due later in the day for cues into the US Fed's rate outlook. Although, foreign fund outflows and elevated crude oil prices have limited further gains in rupee. Foreign Institutional Investors were net sellers in the capital markets on Wednesday as they sold shares worth Rs 3,929.60 crore, exchange data showed.
The partially convertible currency is currently trading almost flat at its previous close of 83.02 on Wednesday. The currency touched a high and low of 83.0175 and 82.99 respectively.
