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Rupee weakens against US dollar on Thursday

10 Nov 2022 Evaluate
Indian rupee weakened against the US dollar on Thursday tracking weak domestic equities ahead of the US October CPI print scheduled to be released later in the day that is expected to set the tone for monetary policy in the coming months. Moreover, concerns over new covid curbs in China also impacted rupee sentiments. However, Foreign Institutional Investors (FIIs) were net buyers in capital markets as they purchased shares worth Rs 386.83 crore on Wednesday, exchange data showed.

The partially convertible currency is currently trading at 81.69, weaker by 22 paise from its previous close of 81.47 on Wednesday. The currency touched a high and low of 81.70 and 81.54 respectively.

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