Rupee turns flat at 84.07 against US dollar on foreign fund outflow

Quick Summary:

The rupee stayed flat at 84.07 against the US dollar in early trade on Thursday amid elevated crude oil prices and continuous withdrawal of foreign funds from capital market.

However, the local unit found some cushion as the dollar retreated from its higher level while the domestic equity markets indicated a recovery, forex traders said.

At the interbank foreign exchange, the rupee opened at 84.06 against the greenback and slipped 1 paisa to trade at previous day's closing level in initial deals.

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Category: BusinessFinance

Markets: India

Topics: Currency Rupee Rupee vs dollar Dollar Trade US dollar Indian rupee

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Article Type: News Report

Published On: 2024-10-24 @ 09:46:20 (1 weeks ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 392 words

Reading Time: 3 minutes read

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