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Rupee trades almost flat against US dollar on Tuesday

12 Dec 2023 Evaluate
Indian rupee was trading almost flat against the US dollar in early trade on Tuesday with caution ahead of key US inflation data and US Federal Reserve’s monetary policy decision this week. Foreign fund inflows into Indian capital market and softening of the American currency against its major rivals have supporting rupee sentiments to some extent. Foreign Institutional Investors were net buyers in the capital market on Monday as they bought shares worth Rs 1,261.13 crore, exchange data showed.

The partially convertible currency is currently trading almost flat at its previous close of 83.37 on Monday. The currency touched a high and low of 83.3775 and 83.3575 respectively.

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