2026-06-19 02:19:29 pm | Source: Accord Fintech
Rupee weakens against US dollar in early trade on Friday
The Indian rupee weakened against the US dollar in early trade on Friday as the US dollar index broke above the 101 level, hovering at its highest level since May 2025, triggered by hawkish signals from the Federal Reserve under Chair Kevin Warsh. This decline was also driven by foreign fund outflows from the Indian market. Foreign institutional investors offloaded equities worth Rs 1,025.20 crore on a net basis on Thursday, exchange data showed. However, some falls were limited by optimism that trade negotiations between India and the United States are set to gain momentum.
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