Rupee settles flat at 81.92 against US dollar

the rupee It traded in a narrow range and settled on a flat note at 81.92 (tentative) against the US dollar amid rising crude oil prices and foreign money outflows.

In the interbank foreign exchange market, the local unit opened at 81.95 against the greenback and finally closed at 81.92 (tentative) against the dollar, unchanged from its previous close.

During the session, the rupee touched highs of 81.86 and 81.96 against the dollar.

On Monday, the rupee settled at 81.92 against the US dollar.

According to Jateen Trivedi, Vice President Research Analyst at LKP Securities, the rupee was trading in a range bound near 81.90 as the dollar index was in consolidation range.

“The rupee has repeated its peers by staying in the range of 81.85-81.95. US GDP data is the next major driver that traders should pay attention to, until then the rupee range can be seen at 81.75-82.10,” Trivedi said. .

The dollar index, which measures the greenback’s strength against a basket of six currencies, rose 0.06 percent to 101.40.

Brent crude futures fell 0.39 percent to $82.41 a barrel.

On the domestic stock market front, 30-share BSE Sensex has a lead of 74.61 points Or 0.12 percent, to close at 60,130.71 points. The broader NSE Nifty rose 25.85 points, or 0.15 percent, to 17,769.25 points.

foreign institutional investors They were net sellers in the capital market on Monday unloading shares worth Rs 412.27 crore, according to exchange data.