The rupee traded in a tight range and settled 1 paisa lower at 86.62 (provisional) against the US dollar on Friday, as massive outflow of foreign funds and falling domestic equity markets dented investors' sentiment.
A firm American currency and higher crude oil prices also weighed on the domestic unit, forex traders said.
At the interbank foreign exchange, the rupee opened at 86.60, stayed range-bound between the high of 86.55 and low of 86.62 throughout the day and ended at 86.62 (provisional) against the greenback, 1 paisa down from its previous closing level.
On Thursday, the rupee depreciated 21 paise to close at 86.61 against the US dollar.
In two back-to-back sessions, on Tuesday and Wednesday, the local unit had gained 30 paise from its lowest-ever closing level of 86.70 against the dollar. -- PTI
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