The Indian rupee on Tuesday weakened marginally against the US dollar, tracking the losses in the Asian currencies markets.
The rupee opened at 65.40 a dollar. the home currency was trading at 65.42, down 0.08% from its Monday’s close of 65.36.
So far this year, rupee gained 4% while foreign institutional investors have bought $4.23 billion and $1.28 million from local equity and debt markets, respectively.
Asian currencies were trading lower after Federal Reserve Bank of Chicago president Charles Evans addressed the timing for further tightening.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 100.22, down 0.19% from its Monday’s close of 100.41.
The rupee opened at 65.40 a dollar. the home currency was trading at 65.42, down 0.08% from its Monday’s close of 65.36.
So far this year, rupee gained 4% while foreign institutional investors have bought $4.23 billion and $1.28 million from local equity and debt markets, respectively.
Asian currencies were trading lower after Federal Reserve Bank of Chicago president Charles Evans addressed the timing for further tightening.
The dollar index, which measures the US currency’s strength against major currencies, was trading at 100.22, down 0.19% from its Monday’s close of 100.41.
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