Rupee weakens against US dollar on Thursday
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Indian rupee weakened against the US dollar on Thursday amid elevated crude oil prices weighed on investor sentiments. Traders ignored the report that labour ministry said retail inflation for industrial workers eased to 3.86 per cent in May compared to 4.42 per cent in the same month a year ago. Besides, State Bank of India (SBI) report showed that between FY14 and FY23, India generated 125 million jobs, which is 4.3 times more than the preceding decadal period of FY04-FY14.
The partially convertible currency is currently trading at 83.53, weaker by 2 paise from its previous close of 83.51 on Wednesday. The currency touched a high and low of 83.5375 and 83.4975 respectively.
