The rupee touched a high of 81.86 and a low of 81.96 against the dollar during the day. File image for representation. , Photo Credit: Reuters
The rupee traded in a narrow range and settled on a flat note at 81.92 (provisional) against the US dollar amid rising crude oil prices and foreign fund outflows.
At the interbank forex market, the local unit opened at 81.95 against the American currency and finally settled at 81.92 (provisional) against the greenback, unchanged from its previous close.
The rupee touched a high of 81.86 and a low of 81.96 against the dollar during the day.
The rupee had closed at 81.92 against the US dollar on Monday.
According to Jatin Trivedi, VP Research Analyst, LKP Securities, the rupee was trading near 81.90 as the dollar index was in a consolidation range.
“Rupee reiterated peers by staying in the range of 81.85-81.95. US GDP data is the next major trigger for traders, till then rupee can be seen in the range of 81.75 – 82.10,” Mr. Trivedi said.
The dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.06 per cent to 101.40.
Global oil benchmark Brent crude futures fell 0.39% to $82.41 a barrel.
But domestic equity market In front, the 30-share BSE Sensex advanced 74.61 points, or 0.12%, to 60,130.71 and the broader NSE Nifty advanced 25.85 points, or 0.15%, to 17,769.25.
Foreign institutional investors were net sellers in the capital market on Monday as they sold shares worth ₹412.27 crore, according to exchange data.