During the day, the local unit witnessed a high of 82.12 and a low of 82.43 against the greenback.
On Thursday, the local currency had settled at 82.24 against the US dollar.
“Rupee weakened a bit against the dollar in the wake of a hotter-than-expected inflation number that was released on Thursday,” said Gaurang Somaiya, forex & bullion analyst, Motilal Oswal Financial Services.
The US CPI was reported at 8.2 per cent against expectations of 8.3 per cent, whereas Core CPI was higher at 6.6 per cent.
ECB officials mentioned that they see the need for fewer rate hikes than expected to calm the inflationary pressure, Somaiya said, adding that “we expect the USD/INR (Spot) to quote in the range of 82.10 and 82.6”.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, advanced 0.56 per cent to 112.99.
Foreign Institutional Investors (FIIs) were net sellers in the capital markets as they offloaded shares worth Rs 1,636.43 crore on Thursday, according to exchange data.
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