Rupee weakens against US dollar on Tuesday
The Indian rupee weakened against the US dollar on Tuesday tracking weak domestic equities after the US issued a draft notice detailing plans to impose an additional 25% tariff on Indian products. FIIs offloaded equities worth ₹2,466.24 crore on Monday, exchange data showed. However, some falls were capped by a softer dollar index after Trump dismissed Fed Reserve Governor over mortgage fraud.