Rupee rate today: Rupee almost flat against US dollar in early trade

The rupee began the session on a flat notice towards the US greenback on Tuesday amid a lacklustre development within the home fairness markets and international capital outflows. On the interbank international trade, the rupee opened weak at 77.56 towards the American greenback, then turned risky to commerce in a decent vary of 77.56 to 77.51. The home unit was buying and selling at 77.56 towards the buck, registering a fall of simply 1 paisa during the last shut.

Within the earlier session, the rupee had settled at 77.55 towards the American forex.

The greenback index, which gauges the buck’s energy towards a basket of six currencies, was buying and selling 0.19 per cent larger at 102.27.

On the home fairness market entrance, the 30-share Sensex was buying and selling 59.07 factors or 0.11 per cent decrease at 54,229.54 factors whereas the broader NSE Nifty slipped 28.15 factors or 0.17 per cent to 16,186.55 factors.

World oil benchmark Brent crude futures slipped 0.61 per cent to USD 112.73 per barrel.

Overseas institutional buyers remained internet sellers within the capital market on Monday as they offloaded shares price Rs 1,951.17 crore, as per inventory trade knowledge.

On Monday, RBI Governor Shaktikanta Das hinted at one other rate of interest hike in early June to deliver down the stubbornly excessive inflation price.

The following assembly of the Financial Coverage Committee (MPC) is scheduled for June 6-8.