Indian rupee weakened against the U.S. dollar on Wednesday amid persistent foreign capital outflows. The foreign institutional investors were the net sellers on Tuesday’s session, offloading securities worth Rs 4,741.22 crore. Besides, the high global crude oil prices weighed on the rupee. The conflict in the West Asia has kept the crude prices high with Brent crude trading above the $100 per barrel mark. Investors also overlooked the government of India securing the Parliament’s approval to spend an additional Rs 2.01 lakh crore in the current fiscal year (FY26). The Parliament has passed the second batch of Supplementary Demands for Grants for the current fiscal year. On the global front, the Japanese yen has strengthened against the U.S. dollar on Wednesday amid expectations that the Bank of Japan could signal a hawkish bias at its policy meeting this week.

Finally, the rupee ended at 92.68 (Provisional), weakened by 28 paise from its previous close of 92.40 on Tuesday. The currency touched a high and low of 92.68 and 92.41 respectively.