Indian rupee weakened against the US dollar on Friday even as the domestic equity market traded with gains. Although, foreign fund inflows into the capital market have triggering support to the domestic currency and capped its fall. Foreign Institutional Investors (FIIs) were net buyers as they purchased shares worth of Rs 357.93 crore into the capital market, as exchange data showed. On the global front, the US dollar held near one-week low as haven demand ebbs amid easing concerns about contagion from a potential China Evergrande Group 3333.HK default.
The partially convertible currency is currently trading at 73.68, weaker by 4 paise from its previous close of 73.64 on Thursday. The currency touched a high and low of 73.77 and 73.6175 respectively.
