The Rupee closed weaker on Friday and posted its steepest weekly decline in six months, weighed by sustained foreign outflows and hedging by importers. The currency then settled at 91.94, down 0.34% on the day, taking its losses to 1.18% for the week and 2.3% for the month. Its underperformance this week was all the more telling considering that most Asian peers managed to post a modest advance against a weakening dollar index amid U.S. President Donald Trump issuing threats over Greenland and later walking them back. Pressure on the rupee built steadily through the week and the month, with foreign investors continuing to pare equity exposure while importers and corporate firms stepping up hedging in anticipation of further depreciation. Exporters, meanwhile, slowed dollar sales in the forward market, reducing supply and exacerbating pressure on the currency. Regular intervention by the Reserve Bank of India has helped slow losses, though it has failed to reverse the underlying trend. The yen was volatile on Friday, with a sudden spike raising market speculation that authorities had conducted a rate check, often a precursor to intervention, while the dollar was set for its steepest weekly decline since June as geopolitical tensions unsettled investors. It had weakened to as soft as 159.2 per dollar, close to 18-month lows, during a press conference by Bank of Japan Governor Kazuo Ueda after the BOJ held rates steady but then it suddenly strengthened to 157.3 per dollar. The dollar has borne the brunt of investor angst in the currency markets as U.S. assets were pummelled at the start of the week amid the intensifying geopolitical tensions, which revived talk of the 'Sell America' trade that emerged in the aftermath of Trump's sweeping Liberation Day levies last April. The dollar index , which measures the U.S. currency against six units, was last at 98.225, a touch weaker on the day. It was headed for an around 1% weekly decline, its steepest since June. The euro was last 0.03% lower at $1.1752, but set for a more than 1% weekly gain. The French government on Friday survived two no-confidence votes, with more expected after Prime Minister Sebastien Lecornu said he was invoking the constitution to force the expenditure part of the 2026 budget bill through parliament. Oil prices rose on Friday after U.S. President Donald Trump ratcheted up pressure against Iran through fresh sanctions on vessels that transport its oil, and announced that an armada was heading towards the Middle Eastern nation. Brent crude futures rose $1.86, or 2.9%, to $65.92 a barrel by 11:53 a.m. EST (1653 GMT). U.S. West Texas Intermediate crude was up $1.77, or 3%, at $61.13.......