Rupee weakens against US dollar on Monday
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Indian rupee weakened against the US dollar on Monday tracking weak domestic equities and rising crude oil prices. Meanwhile, investors are cautious ahead of the monetary policy outcome of the US Federal Open Market Committee this week. However, some losses were limited by foreign fund inflows into capital markets. Data showing that foreign investors turned net buyers on Friday as they purchased shares worth Rs 848.56 crore on net basis.
The partially convertible currency is currently trading at 82.9075, weaker by 4 paise from its previous close of 82.8675 on Friday. The currency touched a high and low of 82.9100 and 82.8300 respectively.
