The rupee remained flat at 84.07 against the US dollar in early trade on Tuesday as positive sentiment in domestic markets was countered by unabated foreign currency outflows.
The local unit resisted the fall due to a weaker dollar and lower crude oil prices, forex traders said.
In foreign exchange, the rupee opened at 84.07 against the greenback and traded on a lower note in early deals.
On Monday, the rupee settled at 84.07 against the US dollar, the highest from the all-time low of 84.10 recorded on October 11.
Meanwhile, the dollar index, which measures the greenback’s strength against a basket of six currencies, fell by 0.04 percent to 103.79.
Brent crude, the international benchmark, fell 0.22% to USD 74.13 per barrel in futures trading.
On the domestic equity market front, the Sensex rose 180.46 points, or 0.22 percent, to 81,331.73 points. Nify also advanced 61.25 points, or 0.25 percent, to 24,842.35 points.
Foreign institutional investors (FIIs) were the biggest sellers in the capital market on Monday, as they offloaded shares worth Rs 2,261.83 crore, according to exchange data.
Analysts attributed the steady outflow of FIIs to further rate cuts by China’s central bank and muted sentiment about domestic corporate earnings.
