Indian rupee weakened against the U.S. dollar on Wednesday as persistent fund outflows from foreign institutional investors (FIIs) made investors nervous. The FIIs were the net sellers of securities worth Rs 1,499.81 crore on Tuesday. Meanwhile, traders overlooked the talks between External Affairs Minister S Jaishankar and US Secretary of State Marco Rubio, which focused on cooperation in areas of trade, critical minerals, nuclear energy and defence. On the global front, the Japanese yen continued to weaken against other major currencies in the Asian session on Wednesday, as worries over Japan's political future were raised, following suggestions that Japanese Prime Minister Sanae Takaichi could call an early snap election.

Finally, the rupee ended at 90.37 (Provisional), weakened by 14 paise from its previous close of 90.23 on Tuesday. The currency touched a high and low of 90.37 and 89.94 respectively.