2025-12-02 12:06:55 pm | Source: Accord Fintech
Rupee weakens against US dollar in early trade on Tuesday
The Indian rupee weakened to an all-time low against the US dollar in early trade on Tuesday due to a firm American currency against its major peers overseas, while strong dollar demand from importers also pressurised the rupee. Moreover, persistent foreign fund outflows and elevated crude oil prices have also dented rupee sentiments. Foreign Institutional Investors sold equities worth Rs 1,171.31 crore on Monday, exchange data showed.
The partially convertible currency is currently trading at 89.87, weaker by 34 paise from its previous close of 89.53 on Monday. The currency touched a high and low of 89.92 and 89.70 respectively.
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