Market News
Indian rupee ends flat as market awaits key inflation data in US and India - REUTERS
MUMBAI, Aug 12 (Reuters) - The Indian rupee was largely unchanged on Tuesday with traders in "wait and watch" mode awaiting the release of key inflation data in the U.S. and India later in the day, which could provide clues on the interest rate trajectories in the two economies.
The local currency unit closed marginally 0.06% higher at 87.7125 against Monday's close of 87.6600.
India's consumer price index (CPI) data for July is expected to show inflation at its slowest pace in at least eight years. The U.S. July data, due after the release of India's report, is expected to show that core inflation rose at the pace of 0.3%.
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