Rupee trades flat against US dollar on Thursday
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Indian rupee was trading flat against the US dollar on Thursday amid a firm domestic equities, a weaker American currency against major overseas rivals ahead of key US CPI inflation data, and the Reserve Bank of India's unchanged policy rates. Meanwhile, rising global crude oil prices and heavy foreign fund outflows have also kept rupee unchanged. Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Wednesday as they offloaded shares worth Rs 4,562.71 crore, exchange data showed.
The partially convertible currency is currently trading flat at its previous close of 83.96 on Wednesday. The currency touched a high and low of 83.9650 and 83.95 respectively.
