Rupee falls 7 paise to close at 83.03 against US dollar

The Indian rupee fell by 7 paise to 83.03 against the US dollar on Friday, influenced by a stronger American currency and higher global crude oil prices. According to forex traders, the rupee depreciated due to foreign fund outflows, although the impact was mitigated by positive domestic markets. Starting at 82.96, the rupee settled at 83.03 against the dollar at the interbank foreign exchange market.