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Rupee weakens against US dollar on Friday
short by / on Friday, 16 May, 2025
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.