Rupee depreciates against dollar on Thursday amid FII outflows
The rupee ended at 88.69 (Provisional), depreciated by 47 paise from its previous close of 88.22 on Wednesday
Indian rupee depreciated against the U.S. dollar on Thursday amid weak domestic markets and FII outflows. Foreign institutional investors (FIIs) were net sellers of equity worth Rs 2,540.16 crore on Wednesday, as per exchange data. Investors overlooked Chief Economic Advisor V Anantha Nageswaran’s statement that the Indian economy has responded quite satisfactorily to global headwinds, and exuded confidence that real GDP growth is likely to touch 7 per cent in FY26. On the global front, Japanese yen weakened against other major currencies in the Asian session after the Bank of Japan left its interest rate unchanged, and kept its real growth and inflation outlook more or less unchanged.
Finally, the rupee ended at 88.69 (Provisional), depreciated by 47 paise from its previous close of 88.22 on Wednesday. The currency touched a high and low of 88.75 and 88.37 respectively.
