Indian rupee was trading almost flat against the US dollar on Tuesday due to weak domestic equities in line with foreign fund outflows in to the capital market. Foreign Institutional Investors (FIIs) were net sellers in the capital market as they offloaded shares worth Rs 594.63 crore on Monday, exchange data showed. Weakness of Asian currencies, firm crude oil prices and strong US dollar, have further pressurizing rupee. Meanwhile global investors await further clues from US Federal Reserve officials on when it will begin asset tapering and hike interest rates.
The partially convertible currency is currently trading at 73.84, weaker by 1 paise from its previous close of 73.83 on Monday. The currency touched a high and low of 73.8575 and 73.7300 respectively.
