2026-08-27 11:47:54 am | Source: Accord Fintech
Rupee weakens marginally against US dollar in early trade on Thursday
The Indian rupee weakened marginally against the US dollar in early trade on Thursday after a batch of US economic data, including a reading on inflation, slightly lifted expectations of a Federal Reserve rate hike ahead of the Jackson Hole central bankers' symposium due to begin later today. However, easing Brent crude prices, foreign fund inflows and sustained Reserve Bank of India intervention supported the rupee and limited further losses. Foreign institutional investors (FIIs) bought equities worth Rs 502.63 crore on a net basis on Wednesday, exchange data showed. The Indian foreign exchange market was closed on Wednesday on account of Id-e-Milad.
The partially convertible currency is currently trading at 95.45, weaker by 1 paisa from its previous close of 95.44 on Tuesday. The currency touched a high and low of 95.52 and 95.40 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
Maha government advances ?Quantum City? plans with L...
Kalpataru Q2 pre-sales slip 5 pc to Rs 1,258 crore
RBI tightens daily CRR maintenance norm for banks to...
Youth should become job creators, innovators: Chirag...
Government kicks off e-auction process for 5-acre pr...
Market Round-up - 09th October 2026 by Motilal Oswal...
Government showcases India's digital innovation, eme...
Skill training institutes no less than IITs, IIMs: P...
FIIs stood as net sellers in equities as per October...
NPA norms for MSMEs need to be reviewed: CEA Nageswaran
