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Rupee weakens against US dollar on Wednesday

19 Apr 2023 Evaluate
Indian rupee weakened against the US dollar on Wednesday, weighed down by foreign fund outflows from the domestic equities. Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Tuesday as they offloaded shares worth Rs 810.60 crore, exchange data showed. Further, weakness in domestic equities and strengthening American currency in the overseas market also dented rupee sentiments. Moreover, growing uncertainty over the path of US interest rates kept investors cautious.

The partially convertible currency is currently trading at 82.10, weaker by 6 paise from its previous close of 82.04 on Tuesday. The currency touched a high and low of 82.1350 and 82.0750 respectively.

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