
Currency watch: Rupee ends 12 paise lower at 86.52 as equities drop and crude rises; trade uncertainty, FIIs weigh
The rupee declined 12 paise to settle at 86.52 against the US dollar on Friday, dragged down by weak domestic equities, rising global crude oil prices, and sustained foreign fund outflows. The sharp slide in equity benchmarks and a stronger dollar overseas also pressured the local unit, forex traders said.At the interbank foreign exchange, the…