MUMBAI: The rupee weakened against the dollar on Friday, weighed down by weaker-than-expected industrial output data, while choppy shares failed to offer clarity on the direction of foreign fund flows. The rupee closed at 48.43/46 a dollar against 48.33/34 on Thursday.
The rupee’s rise this week was led by large unwinding of offshore long dollar positions as foreign funds bought a net $565.5 million worth of Indian shares over five sessions. — PTI
