Mumbai Sep 24 PTI The Indian rupee slipped 4 paise to close at 7368 provisional against the US dollar on Friday following weaker Asian peers against the American currency At the interbank foreign exchange market the local currency opened at 7377 It touched an intra-day high of 7361 and a low of 7378 during the day The rupee finally settled at 7368 against the American currency down 4 paise over its previous close In the previous session on Thursday the rupee had closed at 7364 against the US dollar Meanwhile the dollar index which gauges the greenbacks strength against a basket of six currencies was trading 006 per cent higher at 9314 The Indian rupee depreciated following weakness in Asian peers and rebound in dollar after risk-off moods Markets appear to have taken the decision of Federal Open Market Committee FOMC as hawkish as Treasuries moved higher while risk assets seen long unwinding said Dilip Parmar Research Analyst HDFC Securities Spot USDINR is expected to trade in the range of 7340 to 7395 following month-end dollar demand and risk-off tones Data docket remains light today amid the weekend though plenty of Fed speakers will be on the wire which could bring back volatility in forex markets Parmar added Brent crude futures the global oil benchmark advanced 025 per cent to USD 7744 per barrel On the domestic equity market front the BSE Sensex ended 16311 points or 027 per cent higher at a life-time high of 6004847 Similarly the broader NSE Nifty advanced 3025 points or 017 per cent to close at a record 1785320 Foreign institutional investors were net buyers in the capital market on Thursday as they purchased shares worth Rs 35793 crore as per exchange data PTI DRR MKJ