Indian rupee was trading flat against the US dollar on Thursday, supported by firm trend in domestic equities. But, foreign fund outflows and concerns over continued spread of the Delta coronavirus variant weighed on rupee sentiment. Foreign Institutional Investors (FIIs) were net sellers in the capital market as they offloaded shares worth Rs 1,071.83 crore on Wednesday, exchange data showed. Meanwhile global investors are cautiously eyeing to US Federal Reserve chairman Jerome Powell’s speech at Fed's annual symposium at Jackson Hole for clues on the timing of a tapering of monetary stimulus.
The partially convertible currency is currently flat at its previous close of 74.2450 on Wednesday. The currency touched a high and low of 74.2750 and 74.11 respectively.
