<p>Mumbai: The rupee traded flat at 83.49 against the US currency in the early session on Wednesday amid losses in domestic equities and easing crude oil prices.</p><p>At the interbank foreign exchange market, the rupee opened flat at 83.49 against the US dollar. The local currency moved in a restricted range of 83.49 to 83.50 against the greenback in early trade.</p><p>The rupee had edged up 1 paisa to close at 83.49 against the US dollar on Tuesday ahead of the key testimony of US Federal Reserve Chair Jerome Powell in front of Congress.</p><p>Powell's testimony offered little new guidance on the US central bank's plans for when it might cut interest rates.</p>.Investors shift to Singapore after RBI's curbs on rupee futures.<p>Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, eased 0.03 per cent from overnight high levels to 105.09.</p><p>Brent crude, the global oil benchmark, declined 0.26 per cent to USD 84.44 per barrel in futures trade.</p><p>In the domestic equity market, the 30-share BSE Sensex dropped by 143.15 points or 0.18 per cent to close at 80,208.49. The broader NSE Nifty declined 27.20 points, or 0.11 per cent, to 24,406.</p><p>Foreign Institutional Investors (FIIs) were net buyers in the capital markets on Tuesday, as they purchased shares worth Rs 314.46 crore, according to exchange data.</p>
<p>Mumbai: The rupee traded flat at 83.49 against the US currency in the early session on Wednesday amid losses in domestic equities and easing crude oil prices.</p><p>At the interbank foreign exchange market, the rupee opened flat at 83.49 against the US dollar. The local currency moved in a restricted range of 83.49 to 83.50 against the greenback in early trade.</p><p>The rupee had edged up 1 paisa to close at 83.49 against the US dollar on Tuesday ahead of the key testimony of US Federal Reserve Chair Jerome Powell in front of Congress.</p><p>Powell's testimony offered little new guidance on the US central bank's plans for when it might cut interest rates.</p>.Investors shift to Singapore after RBI's curbs on rupee futures.<p>Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, eased 0.03 per cent from overnight high levels to 105.09.</p><p>Brent crude, the global oil benchmark, declined 0.26 per cent to USD 84.44 per barrel in futures trade.</p><p>In the domestic equity market, the 30-share BSE Sensex dropped by 143.15 points or 0.18 per cent to close at 80,208.49. The broader NSE Nifty declined 27.20 points, or 0.11 per cent, to 24,406.</p><p>Foreign Institutional Investors (FIIs) were net buyers in the capital markets on Tuesday, as they purchased shares worth Rs 314.46 crore, according to exchange data.</p>