Rupee Closes Flat Against U.S. Dollar

The rupee closed flat against the U.S dollar on Friday after the Indian economy grew better than expected in the third quarter of the current financial year.

The local currency closed flat at Rs 82.91 against the greenback, according to Bloomberg data.

"U.S. Core PCE Price Index matched predictions. China's Manufacturing PMI declined," Kunal Sodhani, vice president of Shinhan Bank, said.

"DXY maintains stability amid the improved US Treasury yields. All eyes now on the PMI data. For USDINR, 82.80 acts as a support, while 83.05 a resistance", Sodhani said.