Indian rupee weakened against the US dollar on Tuesday tracking persistent foreign fund outflows in the market. Foreign Institutional Investors (FIIs) remained net sellers in the capital market as they offloaded shares worth Rs 1,788.93 crore, exchange data showed. Further, strengthening American currency and elevated global crude oil prices also adding pressure on market sentiments. However, firm domestic equities capped further losses in rupee. Meanwhile, the forex markets were closed on Monday due to Buddha Purnima.
The partially convertible currency is currently trading at 77.71, weaker by 16 paise from its previous close of 77.55 on Friday. The currency touched a high and low of 77.7950 and 77.6600 respectively.
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