Indian rupee weakened against US dollar on Wednesday as crude oil prices climbed even after Tuesday's talks between Ukrainian and Russian officials, Moscow announced that it will reduce military operations near Kyiv and Chernihiv. However, rally in domestic equities restricted the falls in the domestic currency. Foreign Institutional Investors (FIIs) were net buyers in the capital market on Tuesday as they bought shares worth Rs 35.47 crore, exchange data showed.
The partially convertible currency is currently trading at 75.80, weaker by 7 paise from its previous close of 75.73 on Tuesday. The currency touched a high and low of 75.8425 and 75.6200 respectively.
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