Rupee little changed this week as oil-fueled declines wipe out early gains

The Indian rupee ended lower against the US dollar after experiencing a decline for the second day in a row. Rising oil prices, with Brent crude reaching a five-month peak, dampened market confidence and led to a pullback from technology stocks.

The rupee's depreciation comes amidst worries about energy supply interruptions and a broader market selloff, with the Sensex and Nifty ending the week in deep red.