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The rupee declined by 22 paise to close at 71.90 against the US dollar Friday amid strengthening of the greenback and cautious trading in the domestic equity market.
Forex traders said the rupee came under pressure following strengthening of the dollar against major currencies overseas, while caution prevailed amid the RBI’s central board meeting under new Governor Shaktikanta Das.
At the Interbank Foreign Exchange (forex) market, the local unit opened lower at 71.80 and fell further to touch the day’s low of 72.04.
However, it pared some losses and finally ended at 71.90 per dollar, down by 22 paise against its previous close.
On Thursday, the Indian rupee had plunged 33 paise to 71.68 per US dollar.
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