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Rupee weakens against US dollar in early trade
May-27-2026
The Indian rupee weakened against the US dollar in early trade on Wednesday, weighed down by fading hopes of an immediate US-Iran peace deal and month-end dollar demand. Dozens of people were killed in Israeli strikes on Lebanon on Tuesday, Lebanese officials said, straining a fragile ceasefire agreed between the countries in April. The attacks came as Iran accused the US of violating a separate ceasefire with strikes near the Strait of Hormuz. Meanwhile, traders’ attention has shifted toward the upcoming RBI Monetary Policy Committee meeting scheduled for June 3-5, and they are also awaiting comments from Fed policymakers, including Vice Chair Philip Jefferson and Governor Lisa ⁠Cook, to gauge the impact of inflation on future monetary policy stance. Foreign institutional investors offloaded equities worth Rs 2,407.87 crore on Tuesday, exchange data showed.

The partially convertible currency is currently trading at 95.77, weaker by 7 paise from its previous close of 95.70 on Tuesday. The currency touched a high and low of 95.7850 and 95.60 respectively.

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