Overview

• The currency fell 27 paise on Friday to end at 87.52 per dollar after trading between 87.32 and 87.55.
• Market participants cited a stronger greenback and weaker domestic equities as the main drags on the rupee.
• Forex executives reported dollar buying by importers and a large public sector bank, adding near-term pressure.
• Foreign portfolio inflows and a slight decline in Brent crude prices offered some cushion to the local unit.
• Attention also turned to possible new U.S. tariffs on Indian exports slated for August 27, adding event risk to the outlook.