The Indian rupee weakened against the U.S. dollar in later deals on Friday after data showing that India's trade deficit widened to $17.7 billion in December versus $14.7 billion last year.
The rupee fell 0.74 percent to 54.7625 against the greenback, off its early 8-day high of 54.3595. The rupee is likely to seek next support level at 55.5. The pair closed yesterday's deals at 54.5655.
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Business News
May 08, 2026 15:50 ET Manufacturing and services sector survey results and labor market data from main economies were the highlight on the economics news front this week. Factory orders and jobs report dominated the news flow in the U.S. Similarly, industrial production data from German garnered attention in Europe. In Asia, purchasing managers’ survey results from China and the central bank decision from Australia were in focus.