2025-12-01 11:26:34 am | Source: Accord Fintech
Rupee weakens against US dollar on Monday
The Indian rupee weakened against the US dollar in early trade on Monday due to elevated crude oil prices, foreign fund outflows, and significant dollar demand by importers. Foreign institutional investors sold equities worth Rs 3,795.72 crore on a net basis on Friday, exchange data showed. Meanwhile, ongoing trade tensions with the United States also dampened rupee sentiments. However, firm domestic equities limited further falls in the rupee.
The partially convertible currency is currently trading at 89.47, weaker by 2 paise from its previous close of 89.45 on Friday. The currency touched a high and low of 89.48 and 89.42 respectively.
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