Photo: MintMumbai: The Indian rupee and other Asian currencies weakened against the US dollar on Wednesday following hawkish comments from US Federal Reserve chair Jerome Powell. The rupee closed at 65.18, down 0.44% from its previous close of 64.80. The rupee weakened past 65-mark to hit a three-month low. It opened at 65.10 and touched a low of 65.31 a dollar, a level last seen on 16 November 2017. Year to date, the rupee weakened 1.5%, while foreign investors have bought $506.80 million and $1.41 billion in equity and debt markets, respectively.

Source: Mint February 28, 2018 03:51 UTC