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Indian rupee weakens against the dollar due to foreign fund outflows and equity concerns.
The Indian rupee weakened slightly on Monday, trading at 86.76 against the US dollar, due to foreign fund outflows and negative domestic equity trends.
The currency faced pressure from importers buying dollars amid concerns of further depreciation, despite the dollar index falling 0.02%.
Foreign institutional investors sold off equities worth ₹4,294.69 crore on Friday.
However, India's forex reserves rose by $7.654 billion, marking the third consecutive week of increase.
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La rupia india se debilita frente al dólar debido a las salidas de fondos extranjeros y las preocupaciones sobre el capital.