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Rupee ends flat on Wednesday
Jan-01-2025

Indian rupee ended flat on Wednesday as gains from positive domestic equities were offset by unabated foreign fund outflows. Traders took support with a report by economic think tank Global Trade Research Initiative (GTRI) stating that India's overall exports of goods and services in 2024 has estimated to cross $814 billion, an increase of 5.58 per cent. In 2023, the country's merchandise and services exports stood at $768.5 billion. Investors overlooked the government data showing that the output of eight key infrastructure sectors slowed down to 4.3 per cent in November 2024 against 7.9 per cent growth registered in the same month last year. On a monthly basis, the production growth of these sectors last month rose to a four-month high. On the global front, most of the global markets were closed for New Year's Eve.  

Finally, the rupee ended flat with its previous close of 85.64 on Tuesday. The currency touched a high and low of 85.72 and 85.63 respectively.

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