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The Indian rupee weakened against the US dollar on Monday, weighed down by significant foreign fund outflows and weak domestic equities following global uncertainty. Foreign institutional investors offloaded equities worth Rs 4,294.69 crore in the capital markets on a net basis on Friday, exchange data showed. However, fall remained capped amid the Reserve Bank of India's heavy intervention, and a steady American currency overseas after US retail sales declined more than expected in January and as reciprocal US trade tariffs have been delayed.

The partially convertible currency is currently trading at 86.75, weaker by 4 paise from its previous close of 86.71 on Friday. The currency touched a high and low of 86.7850 and 86.6825 respectively.