Indian rupee weakened against the US dollar on Monday amid weakness in equities at domestic market with investors awaiting consumer price inflation data (CPI) for May due later in the day. Investors also await the US Fed's policy meeting later this week globally. Moreover, strengthening of the American currency in the overseas market and rising crude oil prices also dragged down the domestic unit. Sustained foreign fund inflows, however, supported the rupee sentiment. Foreign institutional investors (FIIs) bought shares worth Rs 18.64 crore, exchange data showed.
The partially convertible currency is currently trading at 73.17, weaker by 10 paise from its previous close of 73.07 on Friday. The currency touched a high and low of 73.2100 and 73.1050 respectively. The reference rate for the dollar stood at 73.02, and for Euro stood 88.44 on June 4, 2021. While the reference rate for the 100 Yen stood at 66.25, the reference rate for the Great Britain Pound (GBP) stood at 102.96.