Rupee Closes Flat Against Dollar

Selling of equities by foreign portfolio investors and buying dollars may continue and the rupee can be in a narrow range of 83.45 to 83.55, according to Anil Bhansali, executive director at Finrex Treasury Advisors LLP.

Investors will monitor the US producer price index figure on Tuesday and for directional moves, the US consumer price index may remain crucial, according to Kunal Sodhani, vice president at Shinhan Bank.