Mumbai: The Indian rupee on Friday settled 12 paise decrease at 71.74 in opposition to the US greenback, monitoring heavy promoting in home equitie
Foreign exchange merchants stated month-end greenback demand from importers and uncertainty over the US-China commerce talks additionally weighed on the home forex.
On the interbank foreign exchange market, the native forex opened weak at 71.63 and throughout the day, it misplaced additional floor and fell to a low of 71.87.
The rupee lastly settled at 71.74, decrease by 12 paise in opposition to its earlier shut. On Thursday, the native unit had settled at 71.62 in opposition to the dollar.
On a weekly foundation, the home unit has misplaced three paise.
Foreign exchange merchants stated buyers turned cautious forward of the discharge of the Q2 gross domestic product (GDP) numbers. The second-quarter GDP quantity is scheduled to be introduced later within the day.