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Indian Rupee to remain steady in near-term: Report

Tags: dollar rupee

New Delhi [India], May 12 (ANI): While the Rupee closed broadly unchanged in April, it briefly touched a record low during the month. Outflows of funds by foreign portfolio investors (FPIs) and the strength of the US Dollar have kept the domestic currency under pressure. Even in May, it continued to trade in a tight range of 83.43-83.52 per US dollar amidst a lack of FPI inflows and dollar demand from oil companies, accor



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Indian Rupee to remain steady in near-term: Report

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