2026-04-07 02:02:36 pm | 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, weighed down by unabated withdrawal of foreign capital, a firm dollar, and rising crude oil prices. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 8,167.17 crore on Monday, exchange data showed. Also, markets are bracing for US President Donald Trump’s deadline for Iran to agree a deal or face sweeping attacks on civilian infrastructure. However, the Reserve Bank of India (RBI) is expected to consider re-introducing incentives for the Foreign Currency Non-Resident (FCNR(B)) deposit route in its upcoming monetary policy review, scheduled for April 8, to arrest likely further depreciation in rupee.
Disclaimer:
The content of this article is for informational purposes only and should not be considered financial or
investment advice. Investments in financial markets are subject to market risks, and past performance is
not indicative of future results. Readers are strongly advised to consult a licensed financial expert or
advisor for tailored advice before making any investment decisions. The data and information presented
in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the
content of this article for any current or future financial references.
To Read Complete Disclaimer Click Here
Latest News
Air India confirms resignation of its CEO Campbell W...
Global oil shock: Air India hikes fuel surcharge on ...
India`s GDP growth expected at 6.2 pc despite geopol...
India-Japan MSME partnerships likely to drive next w...
Convenience now primary driver of retail choices ami...
Auto Sector Update :Broad-based Demand Growth; Input...
Make in India booster: Skoda Auto Volkswagen starts ...
India`s retail leasing steady in Q1 2026 despite sup...
Rupee weakens against US dollar in early trade on Tu...
Taiwan`s oppn. leader makes rare visit to China amid...
