Rupee weakens against US dollar on Friday

Indian Rupee weakened against the US dollar on Friday, tracking weak domestic equity indices and rise in crude prices. Meanwhile, traders were cautious after the trade deficit widened to a five-month high of $26.42 billion as imports rose 19.12% year-on-year to $64.91 billion and exports rose 9.03% year-on-year to $38.49 billion in April.

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