The rupee began trading on a flat note today, dipping slightly by 1 paisa to 84.08 against the US dollar, as persistent foreign fund outflows and a strong US dollar continued to affect market sentiment, according to PTI. The local currency saw some pressure from muted domestic equities and the rising strength of the American dollar in global markets. However, easing crude oil prices and potential support from the Reserve Bank of India (RBI) might provide stability for the rupee at lower levels.

At the interbank foreign exchange, the rupee started at 84.08 against the US dollar, moving marginally within an early range that briefly touched 84.07. This minor depreciation follows Monday’s close, where the rupee ended slightly stronger at 84.07, just 1 paisa higher than today's open.