The Indian rupee continued to trade flat against the US dollar, remaining at 84.07 in early trade on Friday. Despite efforts to recover, the rupee is still hovering near its all-time low, driven by strong US dollar demand and significant foreign fund outflows.

Forex traders observed that although the American currency remained firm, the domestic equity market’s slight recovery helped prevent the rupee from weakening further. At the interbank foreign exchange market, the rupee opened flat at 84.07, maintaining its previous day’s closing level.