2025-12-11 12:17:29 pm | Source: Accord Fintech
Rupee weakens against US dollar on Thursday
The Indian rupee weakened against the US dollar on Thursday amid FII outflows. Foreign Portfolio Investors/ Foreign Institutional Investors (FPIs/FIIs) net sold Indian equities worth Rs 1,651 crore on Wednesday. Traders were cautious ahead of outcome of 2-day India and US meet. Some concerns came with think tank GTRI's statement that India should remain extremely cautious about giving duty concessions to the US on agricultural crops or genetically modified products, and should insist on a drastic cut in the high tariffs.
The partially convertible currency is currently trading at 90.26, weaker by 32 paise from its previous close of 89.94 on Wednesday. The currency touched a high and low of 90.29 and 89.95 respectively.
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