Rupee weakens against US dollar in early trade on Thursday
The partially convertible currency is currently trading at 92.67, weaker by 13 paise from its previous close of 92.54 on Wednesday
The Indian rupee weakened against the US dollar in early trade on Thursday, as US dollar strengthened against its major peers overseas. Traders were worried after Iran accused the United States of violating elements of a two-week ceasefire agreement, raising concerns that tensions could escalate again and disrupt energy supplies. Traders took a note of a report that the World Bank has marginally raised India's growth projections for the 2026-27 fiscal to 6.6 per cent and said although GST rate cuts would boost consumer demands in the initial months of the fiscal, but headwinds from the Middle-East crisis could dent growth.
The partially convertible currency is currently trading at 92.67, weaker by 13 paise from its previous close of 92.54 on Wednesday. The currency touched a high and low of 92.73 and 92.53 respectively.
