Indian rupee weakened against the US dollar on Friday following firm crude oil prices as well as continuous foreign fund outflows from the capital market. Foreign Institutional Investors (FIIs) were net sellers in the capital market on Thursday as they offloaded shares worth Rs 317.46 crore, exchange data showed. Meanwhile, rupee is expected to remain under pressure after longer maturity US yields reached the highest level this year. However, weak American currency at overseas markets ahead of key US jobs report, limited further fall in the domestic currency.
The partially convertible currency is currently trading at 82.77, weaker by 3 paise from its previous close of 82.74 on Thursday. The currency touched a high and low of 82.7925 and 82.7225 respectively.
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