2024-01-10 11:39:24 am | Source: Accord Fintech
Rupee weakens against US dollar on Wednesday
Indian Rupee weakened against the US dollar on Wednesday amid subdued domestic equities ahead of inflation numbers of India as well as the United States due this week. Moreover, foreign fund inflows and rising crude oil prices also weighed on rupee sentiments. Foreign institutional investors sold shares worth Rs 990.90 crore on Tuesday, exchange data showed. Although, some losses were capped by weak American currency at overseas markets.
The partially convertible currency is currently trading at 83.17, weaker by 4 paise from its previous close of 83.13 on Tuesday. The currency touched a high and low of 83.1875 and 83.1350 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
Pre budget Quote on IT Industry by Pradyumn Sharma, ...
Pre budget Quote on Technology & IoT sector by Jani ...
Department of Commerce introduces Diamond Imprest Au...
Daily Commodity Market Outlook 22.01.2025 by Mr. An...
TCS soars on the bourses
Hiring in India up by 31 pc in Dec, AI job market bo...
Stock Picks : Reliance Industries Ltd and DLF Ltd By...
India witnesses 8 pc jump in average flat size in 20...
Stock of the day : Aditya Birla Fashion and Retail L...
Pre-Budget Quote on OTT and Entertainment Sector by ...
