Indian rupee weakened against the US dollar on Tuesday tracking negative domestic equities following foreign funds outflows in the market. Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Monday as they sold shares worth Rs 1,030.90 crore, exchange data showed. On the global front, Chinese yuan slipped after China cut two benchmark lending interest rates for the first time in 10 months. Meanwhile, investors are cautious ahead of cues on US monetary policy this week.
The partially convertible currency is currently trading at 82.12, weaker by 18 paise from its previous close of 81.94 on Monday. The currency touched a high and low of 82.1725 and 82.03 respectively.