The rupee on Friday declined by 15 paise to close at 74.39 against the US currency, tracking a lacklustre trend in the domestic equities and strengthening of the American currency in the overseas market.
Analysts said concerns over earlier than expected tapering of asset purchase by the US Federal Reserve and Delta variant hurting the global economy reduced the appeal of riskier assets like emerging currencies.
Forex outflows also impacted the local unit.
At the interbank foreign exchange market, the domestic currency opened lower at 74.38 against the American currency and finally settled at 74.39. During the session, the local unit touched an intra-day high of 74.38 and a low of 74.47 against the US currency.
On Wednesday, the rupee had settled at 74.24 against the US dollar.
The forex market was closed on Thursday on account of ‘Muharram’.