Rupee settles flat at 82.91 against US dollar

The rupee on Thursday settled flat at 82.91 (provisional) against the US dollar, as the support from lower crude oil prices and a weak greenback against major crosses overseas was offset by sustained foreign capital outflows.

Besides, a positive trend in equity markets provided a cushion to the domestic unit, forex traders said.

Market participants were also cautious ahead of the domestic GDP data to be released later in the day, they added.

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