Indian rupee weakened against the US dollar on Monday amid a muted trend in the domestic equity market following weakness across global markets, while rising crude oil prices and strong American currency at overseas markets have further dampened the rupee sentiments. Meanwhile, the forex market was closed on Friday on account of ‘Ganesh Chaturthi’. Though, Foreign Institutional Investors (FIIs) were net buyers in the capital market as they purchased shares worth Rs 423.44 crore on Thursday, exchange data showed. On the global front, the US dollar strengthened ahead of US inflation figures due this week that could be crucial to Federal Reserve's decision on when to exit from its super-supportive policy stance.
The partially convertible currency is currently trading at 73.65, weaker by 15 paise from its previous close of 73.50 on Thursday. The currency touched a high and low of 73.7350 and 73.5975 respectively.
