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Rupee weakens against US dollar on Friday
May-16-2025

Indian Rupee weakened against the US dollar on Friday, tracking weak domestic equity indices and rise in crude prices. Meanwhile, traders were cautious after the trade deficit widened to a five-month high of $26.42 billion as imports rose 19.12% year-on-year to $64.91 billion and exports rose 9.03% year-on-year to $38.49 billion in April. However, some fall was limited by strong FII inflows and a weaker dollar index. Foreign institutional investors bought equities worth Rs 5,392.94 crore on a net basis on Thursday, exchange data showed.

The partially convertible currency is currently trading at 85.62, weaker by 8 paise from its previous close of 85.54 on Thursday. The currency touched a high and low of 85.70 and 85.28 respectively.


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