💨 Abstract

On January 31, the Indian rupee closed flat against the US dollar at 86.62, despite initial losses due to foreign fund outflows, unabated demand for the dollar, and month-end demand from importers. The rupee's decline was offset by positive domestic equities. The dollar index strengthened, and Brent crude oil decreased. The Union Budget is anticipated on February 1, causing caution among investors.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖