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Rupee closes flat against US dollar

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Dion Global

24 Oct 2018

The Indian rupee closed flat with marginal negative bias against US dollar in the domestic market on Tuesday amid easing crude oil prices and spurt in dollar selling by banks and exporters.

The rupee opened at 73.78 from the previous closing level at 73.57 per dollar at the inter-bank foreign exchange here. The local currency closed trade lower by 2 paise at 73.60, while it touched high and low of 73.54 and 73.86 during the day’s trade.

Adding to it, a weak trend across the domestic equity market also dented the rupee’s movement. The-30 share benchmark index closed trading at 33847.23 down by 287.15 points or by 0.84 per cent, while the NSE Nifty was at 10146.8 down by 98.45 points or by 0.96 per cent.