Indian rupee was trading flat against the US dollar on Friday tracking volatility in domestic indices, while the RBI will release dollar reserves data after-market hours today. Foreign institutional investors (FIIs) offloaded shares worth Rs 2,890.94 crore on Thursday, exchange data showed. Firm crude oil prices on tight supply outlook limited gains in rupee. On the global front, the US dollar declined against its rivals as an agreement on US infrastructure spending underpinned appetite for riskier currencies, despite caution ahead of key US inflation data.
The partially convertible currency is currently trading flat at its previous close of 74.18 on Thursday. The currency touched a high and low of 74.20 and 74.14 respectively. The reference rate for the dollar stood at 73.73, and for Euro stood 88.36 on June 17, 2021. While the reference rate for the 100 Yen stood at 66.6, the reference rate for the Great Britain Pound (GBP) stood at 103.12.