Rupee weakens against US dollar on Friday
The partially convertible currency is currently trading at 87.64, weaker by 6 paise from its previous close of 87.58 on Thursday
The Indian rupee weakened against the US dollar on Friday as the trade rift between India and the United States continued, while sustained foreign fund outflows are also dragging the domestic unit lower. Foreign institutional investors offloaded equities worth Rs 4,997.19 crore on a net basis on Thursday, exchange data showed. However, weakness in the American currency and RBI intervention have limited further falls in rupee.
The partially convertible currency is currently trading at 87.64, weaker by 6 paise from its previous close of 87.58 on Thursday. The currency touched a high and low of 87.6450 and 87.5250 respectively.
