Rupee weakens against US dollar on Wednesday
The Indian rupee weakened against the US dollar on Wednesday, weighed down by firm American currency overseas and foreign fund outflows. Foreign Institutional Investors (FIIs) sold equities worth ₹803 crore on Tuesday, exchange data showed. However, lower crude prices, India-US trade optimism, MSCI inflows, and US reopening hopes supported the rupee and curbed further decline.