Rupee weakens against US dollar on Friday
![](https://portfolio.investmentguruindia.com/uploads/news/Rupee Dollar 20.jpg)
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Indian rupee weakened against the US dollar in early trade on Friday ahead of the crucial US inflation reading this evening that could provide further clues on the interest rate cut timeline this year. Moreover, strength of the American currency at overseas market and elevated crude oil prices have also weighed on the local currency. However, firm domestic equities and foreign fund inflows have limited further weakness in rupee. Foreign Institutional Investors were net buyers in the capital markets on Thursday, as they purchased shares worth Rs 7,658.77 crore, exchange data showed.
The partially convertible currency is currently trading at 83.46, weaker by 1 paise from its previous close of 83.45 on Thursday. The currency touched a high and low of 83.49 and 83.3775 respectively.
![](https://portfolio.investmentguruindia.com/uploads/news/Transport Corporation of India Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Repco Home Finance.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Tata Consumer Products Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Ranjan Dhar, Director and Vice President, ArcelorMittal and Nippon Steel India.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/mahindra and mahindra.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Biocon Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Biocon Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/LIC Housing Finance Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Motherson Sumi Wiring India Ltd.jpg)
![](https://portfolio.investmentguruindia.com/uploads/news/Manoranjan Sharma, Infomerics Ratings.jpg)