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The Indian rupee weakened against the US dollar on Tuesday, driven by weak equities and persistent foreign fund outflows in the domestic market. Foreign Institutional Investors offloaded equities worth Rs 4,788.29 crore in the capital markets on net basis on Monday, exchange data showed. Moreover, ongoing uncertainty surrounding tariff imposition by the United States has also added pressure on rupee sentiments. Although, some falls were limited by drop in dollar and Treasury yields on worries over US growth.

The partially convertible currency is currently trading at 87.37, weaker by 5 paise from its previous close of 87.32 on Monday. The currency touched a high and low of 87.4075 and 87.3350 respectively.