Indian rupee Vs dollar today: Rupee remains mute, trades below 65-mark as global currencies limit gains
Indian Rupee was trading at 64.965 per dollar, mostly muted, compared to the previous day gains.
Indian rupee continues to trade below 65- mark for third consecutive day against US benchmark dollar on Tuesday. Although in early trade, the domestic currency inched higher by 9 paisa at around 64.95 per dollar on better-than-expected inflation numbers and mild selling of the greenback by exporters amid sustained foreign capital inflows. However, soon enough, the domestic currency started performing on reverse trend in the negative note.
At around 1216 hours, Indian rupee was trading at 64.965 per dollar, mostly muted compared to previous day gains.
A PTI report stated that the dollar gained against most major global currencies overseas, limiting the gains for the domestic unit.
Dealers reportedly said, "A 7.5 per cent growth in industrial output in January and selling of the American currency by exporters supported the rupee."
Index of Industrial Production (IIP) or factory output for the month of January 2018 jumped by 7.5%, higher compared to previous month in December 2017, where it stood at 7.1%, however, the indicator was lower compared to 5-year mark of 8.8% in the month of November 2017.
Foreign investors on Monday made gross purchase of Rs 5,369.90 crore, and did gross selling of Rs 7,154.31 crore, with this there was an outflow of Rs 1,784.41 crore together in equity, debt and hybrid market.
Meanwhile, Sensex was trading at 33,979.82 up by 61.88 points or 0.18%, while Nifty 50 jumped by 32.35 points or 0.31% trading at 10,453.75.