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Indian rupee ends flat on Tuesday

19 Nov 2024 Evaluate

Indian rupee ended flat on Tuesday despite positive domestic equity markets. Traders overlooked National Sample Survey Office's (NSSO) statement that the unemployment rate for people aged 15 years and above in urban areas dipped to 6.4 per cent in the July-September quarter. Joblessness, or unemployment rate, is defined as the percentage of unemployed people in the labour force. The unemployment rate in the September quarter of FY24 was 6.6 per cent. On the global front, the dollar index strengthened on Tuesday, after falling in the previous two sessions, amid a general flight to safety as concerns mount about an escalation over the Ukraine-Russia conflict.

Finally, the rupee ended at 84.43 (Provisional), depreciated by 1 paisa from its previous close of 84.42 on Monday. The currency touched a high and low of 84.43 and 84.39 respectively.

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