Indian rupee weakened against the US dollar on Friday as surging crude oil prices dented the investor sentiment. Traders ignored government data showing that India’s economy grew at the fastest pace in four quarters -- at 7.8 per cent -- in the April-June period of FY24, aided by a supportive base along with a robust increase in investment. Besides, India's manufacturing sector activity continued to expand in August, with the S&P Global Purchasing Managers' Index (PMI) rising to a three-month high of 58.6. On the global front, British pound held steady on Friday as data showed that previous interest rate rises are beginning to weigh on housing and manufacturing, but official figures showed the economy fared better than previously thought through the COVID-19 pandemic.
Finally, the rupee ended at 82.71 (Provisional), weaker by 1 paisa from its previous close of 82.70 on Thursday. The currency touched a high and low of 82.76 and 82.58 respectively.