2026-10-27 11:53:19 am | Source: Accord Fintech
Rupee weakens marginally against US dollar in early trade on Tuesday
The Indian rupee weakened marginally against the US dollar in early trade on Tuesday, weighed down by a stronger American currency ahead of the Federal Reserve's interest-rate decision. Moreover, pressure from foreign fund outflows and Houthi-led attacks on Saudi Arabia's oil infrastructure also kept market participants on edge. Foreign Institutional Investors (FIIs) offloaded equities worth Rs 1,462.49 crore on a net basis on Monday, exchange data showed. However, likely intervention by the Reserve Bank of India helped to cap losses.
The partially convertible currency is currently trading at 95.16, weaker by 1 paisa from its previous close of 95.15 on Monday. The currency touched a high and low of 95.2450 and 95.09 respectively.
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