Indian rupee weakened against the US dollar on Tuesday tracking weak equities and persistent foreign funds outflows in the capital market. Foreign institutional investors (FIIs) were net sellers in the capital market as they offloaded shares worth Rs 1,278.42 crore on Monday, exchange data showed. Further, soaring energy prices also put pressure on emerging market currencies. In the previous session, the rupee had declined by 4 paise to hit a record closing low of 78.37 against US dollar amid global slowdown fears. Meanwhile, investors are awaiting comments and speeches by ECB President Christine Lagarde, US Federal Reserve Chair Jerome Powell, the Bank of England Governor Andrew Bailey, and Cleveland Fed President Loretta Mester at the ECB forum in Sintra, Portugal.
The partially convertible currency is currently trading at 78.70, weaker by 33 paise from its previous close of 78.37 on Monday. The currency touched a high and low of 78.7150 and 78.5325 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: