Indian rupee weakened against the US dollar on Thursday with caution ahead of upcoming US consumer inflation report and Federal Reserve meeting. Rupee sentiments fell further despite firm domestic equities after RBI’s Monetary Policy Committee decided to keep the policy repo rate unchanged at 6.5% in line with expectations. Foreign Institutional Investors (FIIs) were net buyers in the capital markets on Wednesday as they purchased shares worth Rs 1,382.57 crore, exchange data showed.
The partially convertible currency is currently trading at 82.56, weaker by 4 paise from its previous close of 82.52 on Wednesday. The currency touched a high and low of 82.6175 and 82.5350 respectively.
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