💨 Abstract

The Indian rupee ended flat on Monday, pulled back from a three-month high due to dollar demand from local oil companies. The currency had been rising due to increased portfolio inflows and dollar weakness after the Federal Reserve's rate cuts. The rupee closed at 83.5525 against the US dollar, with overseas investors net buying $7.5 billion of Indian stocks and bonds in September.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖