Rupee weakens marginally against the US dollar on Wednesday
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Indian rupee weakened marginally against the US dollar on Wednesday following hawkish comments from the US Federal Reserve on the rate hike scenario. Further, concerns over rising crude oil prices also dampened rupee sentiments against the dollar. However, positive sentiments in domestic equity markets and weakness in the American currency at overseas markets supported rupee. Foreign Institutional Investors (FIIs) emerged as net buyers in the capital market on Tuesday, as they purchased shares worth Rs 384.48 crore, exchange data showed.
The partially convertible currency is currently trading at 76.19, weakened by 1 paise from its previous close of 76.18 on Tuesday. The currency touched a high and low of 76.20 and 75.99 respectively.
