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Indian rupee weakened against the US dollar on Friday due to strong American currency at overseas markets and weakness in Asian currencies. Further, withdrawal of foreign funds from capital markets, muted domestic equities and US Fed’s hawkish commentary on further interest rate hikes also dampened rupee sentiments. Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Thursday as they offloaded shares worth Rs 693.28 crore, exchange data showed.  However, falling crude prices limited further weakness in Indian rupee. 

The partially convertible currency is currently trading at 82.05, weaker by 8 paise from its previous close of 81.97 on Thursday. The currency touched a high and low of 82.07 and 82.00 respectively.