Indian rupee weakened against the US dollar on Friday tracking flat trading of domestic equities as investors await fresh triggers. Further, foreign fund outflows and firm crude oil prices weighed on investor sentiment. Moreover, concerns over worst corona virus outbreak in some part of the world too dampened rupee trade. Foreign institutional investors (FIIs) were net sellers in the capital market as they offloaded shares worth Rs 264.77 crore on Thursday, exchange data showed.
The partially convertible currency is currently trading at 74.60, weaker by 6 paise from its previous close of 74.54 on Thursday. The currency touched a high and low of 74.6150 and 74.5100 respectively.
