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Indian rupee ends flat on Monday
Oct-07-2024

Indian rupee ended flat on Monday amid selling pressure from foreign funds and weak tone in the domestic markets. Traders overlooked the Ministry of Labour & Employment’s statement that India has witnessed significant employment growth of nearly 36%, adding around 170 million jobs during 2016-17 and 2022-23. With a robust democracy, dynamic economy, and a culture that celebrates unity in diversity, India’s journey toward becoming a global powerhouse continues to inspire the world. On the global front, Sterling dropped versus the euro and the dollar on Monday, with geopolitical risks and central banks' monetary policy path still in focus. The U.S. dollar edged down on Monday after a rally sparked by Friday's strong U.S. jobs data and an escalation in the Middle East conflict.

Finally, the rupee ended flat with its previous close of 83.99 on Friday. The currency touched a high and low of 83.99 and 83.95 respectively.

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