Indian rupee weakened against the U.S. dollar on Friday as uncertainties around easing tensions in West Asia weighed on investor sentiment. U.S. President Donald Trump has delayed planned strikes on Iranian energy infrastructure, extending his deadline for Tehran to reopen the Strait of Hormuz to April 6, while claiming negotiations with Iran were ‘going very well’. However, reports suggest that Iran didn't request this extension, challenging Trump's statement. Besides, the global crude oil prices and continued foreign capital outflows have weighed on rupee. The foreign institutional investors were the net sellers of securities worth Rs 1,805.37 crore on Wednesday’s session. Further, the brent crude oil surged to trade near the $110 per barrel mark on Friday. On the global front, the euro has weakened against the U.S. dollar on Friday to trade near $1.152 as investors weighed the latest in U.S.-Iran negotiations to end the West Asia conflict.
Finally, the rupee ended at 94.86 (Provisional), weakened by 90 paise from its previous close of 93.96 on Wednesday. The currency touched a high and low of 94.86 and 93.96 respectively.
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