Powered by: Motilal Oswal
2025-07-09 11:45:53 am | Source: Accord Fintech
Rupee weakens against US dollar on Wednesday
Rupee weakens against US dollar on Wednesday

The Indian rupee weakened against the US dollar on Wednesday tracking firm American currency overseas and foreign fund outflows from the Indian capital market. Foreign institutional investors offloaded equities worth Rs 26.12 crore on a net basis on Tuesday, according to exchange data. Rupee weakened further after US President Donald Trump reiterated the 10% additional tariff on India as it belongs to the Brics group. Meanwhile, investors remained cautious ahead of the finalisation of an interim trade deal between India and the United States. Investors are also awaiting the US Federal Reserve’s latest meeting minutes for hints of potential interest rate cuts amid the central bank’s wait-and-see approach. 

 

The partially convertible currency is currently trading at 85.86, weaker by 13 paise from its previous close of 85.73 on Tuesday. The currency touched a high and low of 85.9350 and 85.81 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