Rupee Ends Flat Against US Dollar Ahead Of US CPI Data

The Indian rupee ended flat against the US dollar on Tuesday, as traders await fresh cues from the US April inflation data due later in the day.

The local currency ended little changed at Rs 83.50 versus Tuesday's close of Rs 83.51 against the U.S dollar, according to Bloomberg data.

The rupee looks to be range-bound as traders await inflows to come from various sources and allow some appreciation in the rupee, Anil Kumar Bhansali, Head of Treasury and Executive Director at Finrex Treasury Advisors LLP said.

Market further awaits for US Core CPI and Core Retail Sales after which we could see some movement in the market, according to Ritesh Bhanshali, director, Mecklai Financial Service Ltd.