Indian rupee weakened against the U.S. dollar on Monday weighed by corporate dollar buying and persistent fund outflows from foreign institutional investors (FIIs). The FIIs were the net sellers of securities worth Rs 4,346.13 crore on Friday. Besides, rising global trade uncertainty owed to tensions between US and European nations over control of Greenland has made investors nervous.  The US President Donald Trump has threatened to slap a 10% extra tariff on imports from eight European countries because they oppose having America take control of Greenland. Meanwhile, traders overlooked the Confederation of Indian Industry’s Business Confidence Index (BCI) which climbed to a five-quarter high of 66.5 in Q3 FY26, driven by optimism around demand, profitability, and investment conditions. On the global front, commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against other in the Asian session on Monday as China's economy achieved its growth target in 2025, weathering trade threats.

Finally, the rupee ended at 90.91 (Provisional), weakened by 13 paise from its previous close of 90.78 on Friday. The currency touched a high and low of 91.01 and 90.65 respectively.