Rupee weakens against US dollar on Thursday
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Indian rupee weakened against the US dollar on Thursday tracking weakness in domestic equities, even though street are expecting an expand in India’s GDP by 7% during the July-September quarter. However, sustained foreign fund inflows into the capital market limited further weakness in rupee. Foreign institutional investors were net buyers in the capital market on Wednesday as they purchased shares worth Rs 71.91 crore, exchange data showed.
The partially convertible currency is currently trading at 83.35, weaker by 3 paise from its previous close of 83.32 on Wednesday. The currency touched a high and low of 83.3550 and 83.2925 respectively.
