India, Nov. 13 -- The rupee depreciated 8 paise to close at 94.20 (provisional) against the US dollar on Friday, pressured by a stronger greenback and weak domestic equities.

Forex traders said the US dollar has strengthened, driven by stronger-than-expected US inflation data, rising Treasury yields and hawkish remarks from US Federal Reserve officials, reinforcing expectations of further monetary tightening.

Rising US yields and expectations of more Fed rate hikes could keep the rupee under pressure. Moreover, a stronger dollar and more attractive US assets might spark fresh capital outflows from emerging markets, they added.

At the interbank foreign exchange market, the rupee opened at 94.07 against the dollar. During intra-day trade...