Indian rupee ended flat against the American currency on Tuesday. Traders got cautious as Commerce and Industry Minister Piyush Goyal said that the developed economies are under stress, and there is a demand slowdown in the world market. Besides, an article published by the Reserve Bank of India (RBI) in its July bulletin has said that India's real Gross domestic product (GDP) needs to grow at 7.6 per cent annually over the next 25 years to achieve the per capita income level to become a developed economy. On the global front, dollar drifted near a 15-month low against its major peers on Tuesday, as investors awaited fresh catalysts to gauge for downside in the wake of last week's cooler-than-expected U.S. inflation.
Finally, the rupee ended flat with its previous close of 82.03 on Monday. The currency touched a high and low of 82.07 and 81.97 respectively.