The rupee closed 12 paise higher at 86.81 against the US dollar on Friday, supported by a weaker dollar index after the US delayed reciprocal tariffs. However, gains were capped by rising crude oil prices and continued foreign institutional investor selling, which saw FIIs offload ₹2,789 crore in equities. Traders expect the rupee to trade between 86.60 and 87.10 amid global macroeconomic uncertainties.
