Rupee falls to over two-week low on corporate dollar bids, outflows

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The Indian rupee weakened past the 86 per U.S. dollar mark on Monday to its lowest level in more than two weeks, weighed by corporate dollar demand and equity-related outflows, traders said, amid uncertainty over U.S. trade policies.

The rupee closed at 86.9850 against the U.S. dollar, down 0.2% from its close at 85.80 on Friday. The currency hit a low of 86.0475 earlier in the day, its weakest level since June 25.

Dollar demand from a large Indian conglomerate and other companies pressured the rupee alongside likely outflows from Indian equities,…



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