Rupee weakens against US dollar in early trade on Tuesday
The partially convertible currency is currently trading at 94.47, weaker by 32 paise from its previous close of 94.15 on Monday
The Indian rupee weakened against the US dollar in early trade on Tuesday amid rising geopolitical uncertainties and month-end dollar demand. Moreover, unabated foreign capital outflows and elevated crude oil prices have also added pressure on domestic currency. Foreign Institutional Investors offloaded equities worth Rs 1,151.48 crore on Monday, exchange data showed. Meanwhile, markets are awaiting the upcoming US Federal Reserve policy decision, with expectations that rates will remain unchanged.
The partially convertible currency is currently trading at 94.47, weaker by 32 paise from its previous close of 94.15 on Monday. The currency touched a high and low of 94.4825 and 94.35 respectively.
