2025-05-21 11:50:21 am | Source: Accord Fintech
Rupee strengthens against US dollar on Wednesday
The Indian rupee strengthened against the US dollar on Wednesday tracking weakness in the American currency at overseas markets. However, pressure from rising US Treasury yields, foreign fund outflows, and rising crude oil prices after reports Israel is preparing a strike on Iranian nuclear facilities, have capped further gains in domestic currency. Foreign institutional investors offloaded equities worth Rs 10,016.10 crore on a net basis on Tuesday, exchange data showed.
The partially convertible currency is currently trading at 85.55, stronger by 3 paise from its previous close of 85.58 on Tuesday. The currency touched a high and low of 85.67 and 85.55 respectively.
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