Indian rupee weakened marginally against the US dollar on Monday tracking weak domestic equities and foreign fund outflows. Foreign Institutional Investors (FIIs) offloaded shares worth Rs 678.84 crore, exchange data showed. Further, firm crude oil prices also weighed on Rupee. Moreover, spike in coronavirus cases across the Asian region over the weekend also hurt investor sentiment. On the global front, growing concerns over the rapid spread of the Delta covid variant and inflation worries lifted American currency.
The partially convertible currency is currently trading at 74.21, weaker by 1 paise from its previous close of 74.20 on Friday. The currency touched a high and low of 74.2700 and 74.1825 respectively. The reference rate for the dollar stood at 74.14, and for Euro stood 88.25 on June 18, 2021. While the reference rate for the 100 Yen stood at 67.35, the reference rate for the Great Britain Pound (GBP) stood at 103.01.
