Indian rupee weakened against the US dollar on Tuesday tracking negative trend in domestic equities. While, strengthening of the American currency and rebounding crude oil prices also adding pressure on rupee sentiments. Foreign Institutional Investors (FIIs) also remained net sellers in the capital market on Monday as they offloaded shares worth Rs 1,145.24 crore, exchange data showed. On the global front, the US dollar held firm, supported by high US yields ahead of inflation data which could foreshadow even more aggressive interest rate hikes from the Federal Reserve.
The partially convertible currency is currently trading at 76.14, weaker by 23 paise from its previous close of 75.91 on Monday. The currency touched a high and low of 76.1550 and 75.9725 respectively.
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