Rupee weakens against US dollar on Tuesday
The Indian rupee weakened against dollar on Tuesday amidst US dollar's six-month high in spite of odds of a Fed rate cut after a series of dovish policy remarks. Moreover, subdued domestic equities and foreign fund outflows have also added more pressure on rupee sentiments. Foreign institutional investors sold equities worth ₹4,171.75 crore on a net basis on Monday, exchange data showed.