Rupee settled lower against dollar on Friday as a firm greenback in the overseas markets and losses in domestic equities weighed on investor sentiment. Investors were worried after the Reserve Bank of India (RBI) has tightened norms for unsecured personal loans for banks and non-banking financial companies (NBFCs). The risk weight on unsecured consumer loans has been raised by 25 percentage points. However, fresh FII inflows and crude oil prices trading near four-month lows helped the rupee restrict losses. On the global front, Russian rouble steadied near a more than four-month high against the dollar on Friday, supported by exporters' foreign currency purchases and high interest rates, but restrained from growth following a sharp drop in oil prices.
Finally, the rupee ended at 83.25 (Provisional), weaker by 2 paise from its previous close of 83.23 on Thursday. The currency touched a high and low of 83.28 and 83.23 respectively.
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