Rupee turns flat at 84.07 against US dollar

The rupee stayed successful a straightjacket for yet different week, trading astatine its adjacent all-time debased of 84.07 against the US dollar connected Friday amid steadfast American currency and unprecedented overseas money outflow.

Forex traders said, the denotation of immoderate betterment successful home equity markets prevented the autumn successful the section unit.

At the interbank overseas exchange, the section currency opened astatine 84.07 against the greenback, trading level astatine erstwhile day's closing level successful archetypal deals.

On Thursday, the rupee had settled level astatine 84.07 against the US dollar.

The section currency has been struggling to retrieve since October 11, erstwhile it closed astatine its lowest level of 84.10 against the dollar.

Analysts said the selling unreserved by overseas investors successful pursuit of amended gains from the Chinese marketplace has been preventing the rupee's recovery, portion higher US treasury yields person triggered the fearfulness of slower involvement complaint chopped by the Federal Reserve.

Also, uncertain geopolitical script up of the US statesmanlike predetermination steered investors towards safe-haven bets, they added.

Meanwhile, the dollar index, which gauges the greenback's spot against a handbasket of six currencies, was higher by 0.03 per cent astatine 103.95.

Brent crude, the planetary benchmark, climbed 0.24 per cent to USD 74.56 per tube successful futures trade.

On the home equity marketplace front, Sensex roseate 44.38 points, oregon 0.06 per cent, to 80,109.54 points. The Nifty inched up 27.35 points, oregon 0.11 per cent, to 24,426.75 points. Both the indices closed little connected Thursday, extending their descent for the 4th consecutive session.

Foreign organization investors (FIIs) were nett sellers successful the superior markets connected Thursday, arsenic they offloaded shares worthy Rs 5,062.45 crore, according to speech data.