Rupee falls 8 paise to close at 81.38 against US dollar on forex outflows

Rupee falls 8 paise to close at 81.38 against US dollar on forex outflows

The rupee depreciated by 8 paise to close at 81.38 against the US dollar on Friday, tracking a rebound in crude oil prices and sustained foreign fund outflows.

Forex traders said positive macroeconomic data and broad weakness in the American currency supported the rupee and contained the depreciation bias.