Indian rupee opened flat at 74.49 per dollar on Tuesday against previous close of 74.48.

cash

Indian rupee opened flat at 74.49 per dollar on Tuesday against previous close of 74.48.

The US dollar rebounded hitting a 16-month high and increased by 0.42% amid a decline in US stock markets and surge in US treasury yields. Further, upbeat economic data from US supported dollar. US empire state manufacturing index improved to 30.9 in November 2021 from 19.8 in October 2021, said ICICIDirect.

Rupee future maturing on November 26 depreciated marginally by 0.04% yesterday due to firm dollar. However, a sharp fall was prevented on enhanced macroeconomic data, FII inflows and softening of crude oil prices, it added.

News Source:- Moneycontrol

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