Rupee weakens against US dollar on Friday
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Indian rupee weakened against the US dollar on Friday amid weak equities and foreign fund outflows from the capital markets. Foreign Institutional Investors were net sellers in the capital market on Thursday as they offloaded shares worth Rs 1,712.33 crore, exchange data showed. Moreover, muted American currency overseas also weighed on rupee sentiments. However, softening crude oil prices following eased Middle East tensions limited further falls in rupee.
The partially convertible currency is currently trading at 83.33, weaker by 4 paise from its previous close of 83.29 on Thursday. The currency touched a high and low of 83.34 and 83.28 respectively.
