Powered by: Motilal Oswal
2025-04-03 12:44:35 pm | Source: Accord Fintech
Rupee weakens against US dollar on Thursday
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.

Disclaimer: The content of this article is for informational purposes only and should not be considered financial or investment advice. Investments in financial markets are subject to market risks, and past performance is not indicative of future results. Readers are strongly advised to consult a licensed financial expert or advisor for tailored advice before making any investment decisions. The data and information presented in this article may not be accurate, comprehensive, or up-to-date. Readers should not rely solely on the content of this article for any current or future financial references. To Read Complete Disclaimer Click Here