The Indian rupee depreciated by 22 paise, closing at 90.20 against the US dollar on Friday. This decline was attributed to disappointing macroeconomic data, particularly in the manufacturing sector, persistent foreign fund outflows, and a strengthening US dollar. However, weak crude oil prices and a rise in domestic equities provided some support, cushioning the rupee's fall. Analysts noted potential RBI intervention to support the currency at lower levels.