2024-07-30 12:39:24 pm | Source: Accord Fintech
Rupee trades flat against US dollar on Tuesday
Indian rupee was trading flat against the US dollar on Tuesday as the American currency remained firm in overseas markets ahead of the outcome of a two-day Federal Open Market Committee (FOMC) meeting on Wednesday. Month-end dollar demand, sluggish global market trends and foreign fund outflows have kept the rupee in a tight range. Foreign institutional investors were net sellers in the capital markets on Monday, selling shares worth Rs 2,474.54 crore, exchange data showed. Meanwhile, a decline in crude oil prices supported the rupee.
The partially convertible currency is currently trading flat at its previous close of 83.7350 on Monday. The currency touched a high and low of 83.74 and 83.73 respectively.
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