Rupee weakens against US dollar in early trade on Wednesday
The Indian rupee weakened against the US dollar in early trade on Wednesday as crude oil prices recovering slightly after a sharp multi-day decline, while hotter-than-expected US consumer inflation and increasingly hawkish comments from Fed officials reinforced expectations for another Federal Reserve interest rate increase in December. Meanwhile markets await India's October retail inflation data due on Thursday, November 12, 2026. However, Rupee's fall was limited by a steady return of foreign capital after foreign institutional investors (FIIs) bought equities worth Rs 7,212.22 crore on Monday. Currency markets were closed on Tuesday for Diwali Balipratipada.
The partially convertible currency is currently trading at 93.82, weaker by 5 paise from its previous close of 93.77 on Monday. The currency touched a high and low of 93.88 and 93.67 respectively.
