HOME > MARKETS > DEBT MARKET
  DEBT MARKET
MONEY MARKETS
Rupee weakens against US dollar on Tuesday
Jun-22-2021

Indian rupee weakened marginally against the US dollar on Tuesday despite rising domestic equities. While, global investors eyeing to testimony from US Federal Reserve chair Jerome Powell for guidance, after a surprise shift in the central bank’s policy outlook. Further, surging crude oil prices, strengthening American currency and foreign fund outflows have weighed down rupee sentiments. Foreign Institutional Investors (FII) offloaded shares worth Rs 1,244.71 crore, exchange data showed.

The partially convertible currency is currently trading at 74.12, weaker by 2 paise from its previous close of 74.10 on Monday. The currency touched a high and low of 74.2000 and 74.0500 respectively. The reference rate for the dollar stood at 73.18, and for Euro stood 88.54 on June 14, 2021. While the reference rate for the 100 Yen stood at 66.7, the reference rate for the Great Britain Pound (GBP) stood at 103.23.

  RELATED NEWS >>