MUMBAI: The rupee settled for the day on a flat note at 83.51 (provisional) against the US dollar on Wednesday, as the support from easing crude oil prices was negated by strong dollar demand. "The Indian rupee traded flat to negative on weak domestic markets and strong US dollar. However, a decline in crude oil prices cushioned the downside," said Anuj Choudhary, Research Analyst, Sharekhan by BNP Paribas. "Weakness in crude oil prices may support rupee at lower levels. The broader NSE Nifty settled flat at 22,302.50 points.

Source: Indian Express May 08, 2024 10:53 UTC