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Rupee weakens against US dollar on Thursday
Jun-12-2025
The Indian rupee weakened against the US dollar on Thursday, driven by weak domestic equities following fresh geopolitical tensions in the Middle East and a lack of detail in the US-China trade deal. Fresh foreign fund outflows also dampened rupee sentiments. Foreign Institutional Investors offloaded equities worth Rs 446.31 crore on a net basis on Wednesday, exchange data showed. However, some falls were limited by weaker American currency with signs that US President Donald Trump is taking a conciliatory approach on tariffs and rising expectations of Federal Reserve rate cuts later this year. 

The partially convertible currency is currently trading at 85.57, weaker by 4 paise from its previous close of 85.53 on Wednesday. The currency touched a high and low of 85.5775 and 85.43 respectively.

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