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Rupee weakens against US dollar in early trade on Tuesday
May-26-2026

The Indian rupee weakened against the US dollar in early trade on Tuesday, as elevated crude oil prices and reports of fresh attacks against Iran overshadowed optimism regarding a potential agreement to reopen the Strait of Hormuz. Moreover, month-end dollar demand also weighed on rupee sentiments. Investors were focusing on upcoming US PCE inflation data to gauge the Federal Reserve's next policy moves. However, RBI intervention and fresh Foreign institutional investor buying have limited the currency's decline. Foreign institutional investors turned net buyers and purchased equities worth Rs 821.75 crore on Monday, exchange data showed. 

The partially convertible currency is currently trading at 95.43, weaker by 17 paise from its previous close of 95.26 on Monday. The currency touched a high and low of 95.44 and 95.33 respectively.

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