Rupee has approached closely flat at 83.51 against US dollar amid FII outflows.
As per the recent reports, rupee has approached closely flat at 83.51 against US dollar amid FII outflows. Reports say that the rupee consolidates in a narrow range. Against the US dollar on Monday it has settled flat at 83.5. Considered as the support from positive domestic equities, it was negated by strong American currency.
As per the Forex traders’ expectations the USD/INR pair is to remain range-bound with a bit of a weakness bias.
