Rupee ends flat as stock slump, importer hedging erodes bounce

What happened: The Indian rupee ended flat after an early rise was offset by dollar demand from importers, while local stocks fell. Key numbers: Nifty 50 declined more than 1%. Brent crude fell about 2% after US sanction waivers. Why it matters: Weak technology and financial sector results weighed on equities, and importer hedging erased the rupee's initial gains.

The Indian rupee ended flat after an early rise was offset by dollar demand from importers, while local stocks fell.

Weak technology and financial sector results weighed on equities, and importer hedging erased the rupee's initial gains.