Rupee weakens against US dollar on Wednesday
The Indian rupee weakened to 85.86 against the US dollar on Wednesday, down 13 paise from its previous close of 85.73. The decline was driven by a strong dollar overseas and foreign fund outflows. FIIs offloaded equities worth ₹26.12 crore on Tuesday. The rupee traded between 85.81 and 85.9350 during the session, exchange data showed.