2026-06-09 11:24:08 am | Source: Accord Fintech
Rupee weakens against US dollar in early trade on Tuesday
The Indian rupee weakened against the US dollar in early trade on Tuesday, even as Brent crude oil prices and the US dollar index retreated from their elevated levels after Iran and Israel agreed to halt their military strikes following an appeal by US President Donald Trump. Foreign institutional investors offloaded equities worth Rs 5,555.67 crore on a net basis on Monday, exchange data showed. Investors are awaiting US CPI and PPI data later this week for further clues on the Fed’s policy outlook. Meanwhile, the RBI and the government announced a raft of measures to revive global confidence in the sagging rupee.
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