MUMBAI: The rupee depreciated 7 paise to close at 85.77 (provisional) against US dollar on Friday, on weak domestic markets and risk-off sentiments amid trade tariff uncertainty.
Forex traders said global market sentiments were dented as US President Donald Trump imposed 35 per cent tariffs on Canadian goods.
At the interbank foreign exchange, the rupee opened at 85.76 against the US dollar, and touched an intra-day low of 85.91 during the day. The local unit finally settled for the day at 85.77 (provisional), down 7 paise from its previous close.
