2025-04-03 12:44:35 pm | Source: Accord Fintech
Rupee weakens against US dollar on Thursday
The Indian rupee weakened against the US dollar on Thursday after the US President Donald Trump slapped a 27% tariff on imports from India. Moreover, weak domestic equities and foreign fund outflows have also dampened rupee. Foreign institutional investors offloaded equities worth Rs 1,538.88 crore on a net basis on Wednesday, exchange data showed. Although, weakness in both American currency and crude oil prices have limited further falls in rupee.
The partially convertible currency is currently trading at 85.63, weaker by 11 paise from its previous close of 85.52 on Wednesday. The currency touched a high and low of 85.78 and 85.6325 respectively.
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