Indian rupee weakened against the US dollar on Wednesday as volatility in domestic equities following weak macroeconomic data weighed on rupee sentiments. Data showed retail inflation surged to a 17-month high of 6.95% in March, continuing to remain above the upper tolerance level of the Reserve Bank, while factory output grew just 1.7% in February. Meanwhile, strengthening US dollar in the overseas market also put pressure on rupee. Foreign Institutional Investors (FIIs) remained net sellers in the capital market on Tuesday as they offloaded shares worth Rs 3,128.39 crore, exchange data showed.
The partially convertible currency is currently trading at 76.20, weaker by 5 paise from its previous close of 76.15 on Tuesday. The currency touched a high and low of 76.2200 and 76.1500 respectively.
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: