2025-05-20 12:15:00 pm | Source: Accord Fintech
Rupee weakens against US dollar on Tuesday
The Indian rupee weakened against the US dollar on Tuesday due to foreign fund outflows from the Indian capital market. Foreign institutional investors offloaded equities worth Rs 525.95 crore on a net basis on Monday, exchange data showed. Moreover, weak domestic equities also dampened sentiments. However, a weaker American currency amid concerns about a US tax bill and the US debt load following Moody's downgrade of the US sovereign credit rating late Friday, has limited further downside in rupee.
The partially convertible currency is currently trading at 85.45, weaker by 3 paise from its previous close of 85.42 on Monday. The currency touched a high and low of 85.55 and 85.39 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
Latest News
Dixon Technologies' Q4 revenue declines over 1.5 pc ...
Zydus Lifesciences Q4 net profit drops to Rs 1,170.9...
Suzuki Motorcycle India to manufacture 7.5 lakh vehi...
Government sees coal gasification as big step for cl...
Brookfield Properties Welcomes Reliance Freshpik to ...
Non-Life Premiums Off to a Modest Start in FY26
Core Aspects of the Plant Gardening Lifestyle
Daily Market Commentary : Nifty Midcap100 and Smallc...
Quote on Market Wrap by Shrikant Chouhan, Head Equit...
Art Deco Fashion: Elegance, Glamour, and Geometric C...
