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The rupee weakened by 20 paise to close at 70.92 against the US dollar on Friday amid strengthening of the American currency and rising crude oil prices.
Forex traders said slower GDP, higher crude oil prices, and faltering trade talks between the US and China weighed on the domestic currency.
At the Interbank Foreign Exchange (forex) market, the rupee opened lower at 70.75 and fell further to touch the day’s low of 70.99.
It finally ended at 70.92 per dollar, down by 20 paise against its previous close.
On a weekly basis, the domestic currency registered a gain of 22 paise.
The rupee had rebounded by 52 paise to close at 70.72 against the US dollar on Thursday as sentiments revived on signs of de-escalation of tensions between India and Pakistan.
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