Indian rupee weakened against the US dollar on Friday, tracking the strength of American currency at the overseas market with investors awaiting key monthly US inflation data for clues on the future path of monetary policy. Moreover, weakness in domestic equity markets following surging crude oil prices and persistent sell-off by foreign institutional investors also weighed on rupee sentiments. Foreign Institutional Investors (FIIs) were net sellers in the capital market as they offloaded shares worth Rs 1,512.64 crore on Thursday, exchange data showed.
The partially convertible currency is currently trading at 77.82, weaker by 8 paise from its previous close of 77.74 on Thursday. The currency touched a high and low of 77.8400 and 77.7900 respectively.
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