26-09-2023 11:47 AM | Source: Accord Fintech
Rupee weakens against US dollar on Tuesday
Indian rupee weakened against the US dollar on Tuesday amid a stronger American currency at overseas markets with expectations that the US Federal Reserve is likely to keep interest rates higher for longer, to tame surging inflation. Moreover, elevated level of crude oil prices, subdued equity market and foreign fund outflows also added pressure on rupee. Foreign Institutional Investors were net sellers in the capital market on Monday as they offloaded shares worth Rs 2,333.03 crore, exchange data showed.
The partially convertible currency is currently trading at 83.22, weaker by 9 paise from its previous close of 83.13 on Monday. The currency touched a high and low of 83.2425 and 83.1750 respectively.
Latest News
India's Hero MotoCorp beats Q4 profit estimates
India received over $111 billion in remittances in 2...
M&A deals in Asia-Pacific subdued but India could bu...
L&T surges on securing multiple orders for power tra...
Crompton zooms on starting manufacturing, assembly o...
Sonata Software declines on reporting marginal fall ...
PTC Industries gains on inking pact to incorporate SPV
Kotak Institutional Equities - Strategy: Pledged sh...
StoxBox Tip: Aadhar Housing Finance IPO
Nifty Microcap 250 and Nifty Smallcap 250 indices re...