Rupee weakens against US dollar on Friday
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Indian rupee weakened against the US dollar on Friday amid negative sentiments in domestic equities. Traders were cautious with provisional data from the NSE showed foreign institutional investors (FIIs) net sold Rs 2,823.33 crore shares on April 25, 2024. Investors overlooked United Nations Conference on Trade and Development (UNCTAD) in its latest report said that India's services exports jumped 11.4 per cent to $345 billion in 2023 despite global economic uncertainties.
The partially convertible currency is currently trading at 83.34, weaker by 6 paise from its previous close of 83.28 on Thursday. The currency touched a high and low of 83.35 and 83.30 respectively.
