Indian rupee has weakened against the U.S. dollar on Friday amid persistent fund outflows from foreign institutional investors (FIIs) and high crude oil prices. The FIIs have sold securities worth Rs 3,752.52 crore on Thursday’s session. Further, Moody’s Ratings in a note on oil supply shock in prolonged West Asia conflict has said that the escalating West Asia conflict could spike energy prices and disrupt supplies, adding pressure on India’s rupee, inflation and current account deficit, as the country is highly dependent on crude oil and LNG imports from the region. On the global front, the Japanese Yen has weakened against other major currencies in the Asian session on Friday amid rising expectations that the Bank of Japan will maintain stable interest rates for an extended length of time in the midst of Middle East crises

Finally, the rupee ended at 91.82 (Provisional), weakened by 18 paise from its previous close of 91.64 on Thursday. The currency touched a high and low of 91.85 and 91.59 respectively.