Indian rupee weakened against the U.S. dollar on Tuesday as geopolitical uncertainties owed to U.S. President Donald Trump's tariff threats regarding Greenland continued to weigh on investors’ sentiments. Trump tied Greenland sovereignty efforts to Nobel Peace Prize snub and claimed that America must have ‘Complete and Total Control of Greenland.’ Besides, persistent fund outflows from foreign institutional investors (FIIs) continued to worry the market participants. The FIIs were the net sellers of securities worth Rs 3,262.82 crore on Monday’s session. On the global front, commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against other in the Asian session on Tuesday as the commodities such as gold and silver prices continue to reach fresh.
Finally, the rupee ended at 90.98 (Provisional), weakened by 8 paise from its previous close of 90.90 on Monday. The currency touched a high and low of 91.06 and 90.88 respectively.
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