Rupee weakens against US dollar on Thursday

2025-11-27 11:40:04 am | Source: Accord Fintech

Rupee weakens against US dollar on Thursday

News By Tags | #Rupee #USdollar #CurrencyNews

The Indian rupee weakened against the US dollar on Thursday due to increased demand of American currency from importers, despite strengthening expectations of a potential US Federal Reserve rate cut and Reserve Bank of India policy easing in December. However, firm domestic equities, fresh inflow of foreign funds and lower crude oil prices in the international market have limited further falls in rupee. Foreign institutional investors purchased equities worth Rs 4,778.03 crore on a net basis on Wednesday, exchange data showed.

The partially convertible currency is currently trading at 89.24, weaker by 2 paise from its previous close of 89.22 on Wednesday. The currency touched a high and low of 89.25 and 89.19 respectively.

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Rupee weakens against US dollar on Thursday

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