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Rupee weakens against US dollar on Tuesday

04 Jul 2023 Evaluate

Indian rupee weakened against the US dollar on Tuesday with caution ahead of the release of the Federal Open Market Committee meeting minutes on Wednesday. Moreover, strong US dollar and surge in crude oil prices also dampened rupee sentiments. However, Foreign Institutional Investors (FIIs) were net buyers in the capital market on Monday as they purchased shares worth Rs 1,995.92 crore, exchange data showed.

The partially convertible currency is currently trading at 81.95, weaker by 4 paise from its previous close of 81.91 on Monday. The currency touched a high and low of 81.9825 and 81.8725 respectively.


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