Equity gains and lower crude offset by strong dollar and foreign fund outflows.

Rupee Ends Flat at 90.66 Against US Dollar Amid Mixed Global Cues

The Indian rupee closed unchanged at 90.66 against the United States dollar on Monday, as gains in domestic equities were balanced by a firmer greenback in overseas markets. Forex traders said softer crude oil prices provided support to the local currency, but persistent foreign fund outflows capped any meaningful appreciation. In the interbank foreign exchange market, the rupee opened at 90.63 and moved within a narrow range, touching an intraday high of 90.61 and a low of 90.72 before settling at its previous close of 90.66 (provisional). On Friday, the rupee had weakened by 5 paise to end at the same level. According to Jateen Trivedi of LKP Securities, the currency remained range-bound, with resistance near 90.25 and support around 90.90. Meanwhile, Anuj Choudhary of Mirae Asset Sharekhan said investors will track upcoming US housing and GDP data. The dollar index was marginally higher at 96.91, reinforcing cautious sentiment.