India, Oct. 23 -- The Indian rupee depreciated for the second consecutive session, falling 12 paise to close at 94.93 (provisional) against the US dollar on Friday, weighed down by rising crude oil prices and weakness in domestic equities.
Forex traders said the rupee is likely to remain under pressure amid a stronger US dollar and Brent crude prices hovering near USD 114 per barrel. Renewed tensions between Yemen's Houthi rebels and Saudi Arabia have raised concerns over potential oil market volatility.
Meanwhile, the US dollar index recovered, while US 10-year Treasury yields slipped below the 5% mark.
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