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Indian rupee ends flat on Tuesday

12 Nov 2024 Evaluate

Indian rupee ended flat on Tuesday as persistent foreign fund outflows and a strengthening greenback against major crosses overseas dented investor sentiments. Investors failed to take support with government data showing that net direct tax collection grew 15.41 per cent to Rs 12.11 lakh crore between April 1 and November 10. This includes net corporate tax of Rs 5.10 lakh crore and non-corporate taxes (including taxes paid by individuals, HUFs, firms) of Rs 6.62 lakh crore. Other taxes (which include Equalisation Levy and gift tax) worth Rs 35,923 crore were mopped up.  On the global front, The US Dollar (USD) extended its rally on Tuesday as the Trump trade adds another wave of US Dollar buying.

Finally, the rupee ended flat with its previous close of 84.38 on Monday. The currency touched a high and low of 84.41 and 84.38 respectively.

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