Rupee weakens against dollar due to strong American currency, outflow of foreign funds, but cushioned by lower oil prices.

The price of 24 karat gold increased by Rs. 3,700 per tola and was traded at Rs. 364,900 on Wednesday as against its sale at Rs. 361,200 the previous day, ...

The Indian rupee depreciated 2 paise to 86.40 against the US dollar in early trade on Wednesday, amid outflow of foreign funds and higher international crude oil prices.