Indian rupee weakened against the US dollar on Friday, weighed down by weak domestic equities despite sustained foreign fund inflows into the capital market. Foreign Institutional Investors (FIIs) were net buyers in the capital market on Thursday as they purchased shares worth Rs 2,641.05 crore, according to exchange data. Further, elevated crude oil prices followed by expectations of hawkish monetary policy by the US Federal Reserve after upbeat US jobs data also dented rupee sentiments. However, weakness in American currency overseas limited further fall in rupee.
The partially convertible currency is currently trading at 82.71, weaker by 11 paise from its previous close of 82.60 on Thursday. The currency touched a high and low of 82.73 and 82.63 respectively.