2026-11-04 12:05:25 pm | Source: Accord Fintech
Rupee weakens against US dollar in early trade on Wednesday
The Indian rupee weakened against the US dollar in early trade on Wednesday, despite fall in crude oil prices and inflows of foreign funds. Foreign Institutional Investors (FIIs) remained net buyers for the third consecutive day on Tuesday and bought equities worth Rs 6,836.81 crore, exchange data showed. Meanwhile, reports indicated that Democrats were on course to gain majority control of Congress and secure key gubernatorial victories in the 2026 U.S. midterm elections.
The partially convertible currency is currently trading at 94.84, weaker by 9 paise from its previous close of 94.75 on Tuesday. The currency touched a high and low of 94.84 and 94.50 respectively.
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