Rupee closes weaker tracking Asian peers, notches weekly decline

The Indian rupee closed lower on Friday, tracking a fall in Asian peers, after U.S. bond yields surged in light of data that signalled inflation in the world's largest economy could be sticky.

The rupee closed at 82.8775 against the U.S. dollar, down from its close of 82.8175 in the previous session. The local unit notched a weekly loss of about 0.1%, its first week-on-week decline since mid-February.