2025-09-24 12:42:42 pm | Source: Accord Fintech
Rupee weakens against US dollar on Wednesday
The Indian rupee weakened against the US dollar on Wednesday driven by tariff and H-1B visa issues, and tracking weakness in other Asian currencies. Moreover, weak domestic equities, persistent foreign fund outflows, and firm American currency following US Federal Reserve Chair Jerome Powell’s cautious stance on further policy easing have also kept the rupee under pressure. Foreign Institutional Investors offloaded equities worth Rs 3,551.19 crore on Tuesday, exchange data showed.
The partially convertible currency is currently trading at 88.75, weaker by 2 paise from its previous close of 88.73 on Tuesday. The currency touched a high and low of 88.8075 and 88.6775 respectively.
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