Indian rupee weakened against the US dollar on Monday, tracking volatility in domestic equity markets following unabated foreign fund outflows and as a new coronavirus variant first detected in South Africa appeared to be spreading across the globe. Foreign institutional investors (FIIs) were net sellers in the capital market as they offloaded shares worth Rs 5,785.83 crore on Friday, exchange data showed. Gain in crude oil prices and firm American currency overseas also weighed on rupee sentiments.
The partially convertible currency is currently trading at 74.99, weaker by 10 paise from its previous close of 74.89 on Friday. The currency touched a high and low of 75.0400 and 74.8200 respectively.
Start Research-backed Investing ...Now. Subscribe to Sapphire
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: