The Indian Rupee was trading lower against the US dollar on Friday amid fund outflows by foreign funds and importers due to strong demand for the American currency. As on July 27, the FIIs stood net seller in equity market and sold shares worth Rs 192.56 crore.

At the Interbank Foreign Exchange Market, the local currency was down by 04 paise at 64.38 per dollar against a previous close of 64.34 per dollar at 12:15 hours. In the day’s trade so far, the Rupee touched an intra-day low of 64.36 after opening at 64.44.

Adding to it, weak cues from domestic equity market also weighed on Rupee movement. The benchmark BSE Sensex was trading at 32224.63, down by 158.67 points or by 0.49 per cent, and the NSE Nifty was at 9978.7, down by 41.85 points or by 0.42 per cent.