Photo: MintMumbai: The Indian rupee on Monday weakened against the US dollar after foreign institutional investors (FIIs) continued selling in debt markets. At 2pm, the rupee was trading at 66.81 against the US dollar, down 0.15%, from its previous close of 66.72. India’s benchmark Sensex index was trading at 27,578.97 points, down 0.34% from its previous close. The rupee is down 1% till date this year, while FIIs have bought $7.57 billion in equity and sold $637.50 million in debt markets. The dollar index, which measures the US currency’s strength against major currencies, was trading at 98.112, up 0.09% from its previous close of 98.019.

Source: Mint October 17, 2016 04:25 UTC