Rupee trades flat against US dollar on Tuesday
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Indian rupee was trading flat against the US dollar on Tuesday, pressured by sluggish domestic equities and persistent foreign fund outflows from Indian capital market. Foreign institutional investors (FIIs) were net sellers in the capital markets on Monday, as they offloaded shares worth Rs 3,228.08 crore, exchange data showed. Investors are cautious ahead of the US presidential election. Meanwhile, weak American currency at overseas markets, easing crude oil prices and any intervention by the Reserve Bank of India have supported the rupee at lower levels.
The partially convertible currency is currently trading flat at its previous close of 84.07 on Monday. The currency touched a high and low of 84.08 and 84.0750 respectively.
