Indian rupee was trading flat against the US dollar on Thursday. Easing crude prices strengthened investor sentiments on the local unit, but sustained foreign fund outflows capped its up move. Foreign institutional investors (FIIs) remained net sellers in the capital market, pulling out Rs 213.23 crore on Wednesday, exchange data showed. On the global front, trading in emerging market currencies was subdued after UK Prime Minister Boris Johnson lost the crucial Brexit Bill timetable vote. Meanwhile, investors are also awaiting fresh cues on the potential US-China trade deal.
The partially convertible currency is currently trading flat at its previous close of 70.91 on Wednesday. The currency touched a high and low of 70.9200 and 70.7000 respectively. The reference rate for the dollar stood at 70.87 and for Euro stood at 79.06 on October 22, 2019. While the reference rate for the Yen stood at 65.26, the reference rate for the Great Britain Pound (GBP) stood at 91.96.
