Rupee weakens against US dollar on Tuesday
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Indian rupee weakened against the US dollar on Tuesday due to weak domestic equities following foreign fund outflows and firm bond yields ahead of the US Federal Reserve's decision on US interest rates. Foreign Institutional Investors offloaded equities worth Rs 2,051.09 crore on Monday, exchange data showed. Moreover, firm crude oil prices and a stronger American currency also weighed on rupee sentiments.
The partially convertible currency is currently trading at 82.94, weaker by 4 paise from its previous close of 82.90 on Monday. The currency touched a high and low of 82.9575 and 82.93 respectively.
