Indian rupee falls on outflows despite rate hike
The Indian rupee ended flat on Friday but logged a weekly decline as adverse hedging and foreign outflows overshadowed the central bank's first rate hike in nearly four years. State-run banks intervened to limit losses near record lows.
India's rupee posted a weekly decline, settling at 96.73 per dollar on Friday despite the central bank delivering its first rate hike in nearly four years.
