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HinduBusinessLine

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Rupee trades flat at 85.92 against US dollar in early trade

  • Rupee traded flat against the US dollar in early trade at 85.92 as FII outflows and uncertainty over India-US trade talks persisted.
  • The rupee opened at 85.97 before settling at 85.92, with the rupee having weakened by 12 paise in the previous session.
  • Factors influencing the rupee include the dollar's strength, Asian currency fluctuations, RBI selling dollars, and FPIs being net sellers.
  • Inflation data showed retail inflation at a six-year low of 2.1%, WPI turning negative, and Brent crude falling amidst global market uncertainties.

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