Powered by: Motilal Oswal
2025-05-15 12:04:38 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, tracking weak domestic equities, while investors were awaiting US Fed Chair Jerome Powell's speech and US producer price index data for clues on the US Federal Reserve's interest rate trajectory. However, weakness in the American currency,  ease in India’s wholesale inflation, foreign fund inflows, and easing crude oil prices have restricted the downfall. Foreign institutional investors bought equities worth Rs 931.80 crore on a net basis on Wednesday, exchange data showed.

The partially convertible currency is currently trading at 85.72, weaker by 40 paise from its previous close of 85.32 on Wednesday. The currency touched a high and low of 85.72 and 85.4950 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