2025-05-08 11:52:24 am | Source: Accord Fintech
Rupee trades flat against US dollar on Thursday
The Indian rupee was trading flat against the US dollar on Thursday due to firm American currency overseas, while uncertainty over US-China trade talks and heightened cross-border tensions with Pakistan have also kept rupee under pressure. Meanwhile, the US Federal Reserve kept its benchmark interest rates unchanged in the 4.25% - 4.50% range. Foreign institutional investors bought equities worth Rs 2,585.86 crore on a net basis on Wednesday, exchange data showed.
The partially convertible currency is currently trading flat at its previous close of 84.77 on Wednesday. The currency touched a high and low of 84.7975 and 84.5275 respectively.
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