Indian rupee was trading flat against the US dollar on Tuesday, supported by firm domestic equities, while traders and investors are awaiting cues from the US Fed's policy decision due on Wednesday. Lingering concerns over the new delta variant of coronavirus and sustained foreign fund outflows kept the local currency under pressure. Foreign Institutional Investors (FIIs) were net sellers as they offloaded shares worth Rs 2,376.79 crore in the capital market on Monday, exchange data showed.
The partially convertible currency is currently trading flat at its previous close of 74.42 on Monday. The currency touched a high and low of 74.4375 and 74.3550 respectively.
