Currency Market News: Rupee turns flat at 84.07 against US dollar

The rupee stayed level astatine 84.07 against the US dollar successful aboriginal commercialized connected Tuesday arsenic affirmative sentiment successful home equity markets was negated by the unabated outflow of overseas funds.

The section portion resisted the autumn connected the backmost of the retreating dollar and a downward question successful the crude lipid prices, forex traders said.

At the interbank overseas exchange, the rupee opened astatine 84.07 against the greenback and traded connected a level enactment successful aboriginal deals.

On Monday, the rupee settled level astatine 84.07 against the US dollar, a tad higher from its all-time debased of 84.10 recorded connected October 11.

Meanwhile, the dollar index, which gauges the greenback's spot against a handbasket of six currencies, fell 0.04 per cent to 103.79.

Brent crude, the planetary benchmark, declined 0.22 per cent to USD 74.13 per tube successful futures trade.

On the home equity marketplace front, Sensex roseate 180.46 points, oregon 0.22 per cent, to 81,331.73 points. The Nifty besides precocious 61.25 points, oregon 0.25 per cent, to 24,842.35 points.

Foreign organization investors (FIIs) were nett sellers successful the superior markets connected Monday, arsenic they offloaded shares worthy Rs 2,261.83 crore, according to speech data.

Analysts attributed the unabated outflow of FIIs to a further complaint chopped by the Chinese cardinal slope and a muted sentiment towards home firm earnings.