2025-08-08 11:34:44 am | Source: Accord Fintech
Rupee weakens against US dollar on Friday
The Indian rupee weakened against the US dollar on Friday as the trade rift between India and the United States continued, while sustained foreign fund outflows are also dragging the domestic unit lower. Foreign institutional investors offloaded equities worth Rs 4,997.19 crore on a net basis on Thursday, exchange data showed. However, weakness in the American currency and RBI intervention have limited further falls in rupee.
The partially convertible currency is currently trading at 87.64, weaker by 6 paise from its previous close of 87.58 on Thursday. The currency touched a high and low of 87.6450 and 87.5250 respectively.
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
India`s warehousing rentals remain stable in H1 2025...
Early signs India may recalibrate its strategic post...
Need unified approach to boost infra growth in north...
Exports of organic chemicals, apparel, jewellery, sh...
General Insurance Corporation of India zooms on repo...
Caplin Point Laboratories gains on reporting 23% ris...
GJEPC urges government to bring in immediate policy ...
Sell Zinc Aug @ 269 SL 271 TGT 267-265. MCX - Kedia ...
India`s electronics exports surge over 47% to $12.4 ...
India Shelter Finance zooms on getting nod to raise ...
