Indian Rupee weakened against the US dollar on Friday, tracking weak Asian peers, strengthening American currency and rising crude oil prices. Moreover, weak domestic equities and sustained FII selling also weighed on rupee sentiment. Foreign Institutional Investors (FIIs) were net sellers as they offloaded shares worth Rs 1,245.29 crore in the capital market on Thursday, exchange data showed. On the global front, the US dollar hovered at multi-month peaks against its rival currencies as traders wagered strong US labour data could lift it even further.
The partially convertible currency is currently trading at 74.74, weaker by 19 paise from its previous close of 74.55 on Thursday. The currency touched a high and low of 74.7500 and 74.6550 respectively.
