The Indian rupee closed Friday at 90.1950 per dollar, marking its lowest close in two weeks and a second consecutive weekly decline. Persistent year-end dollar demand, particularly from oil importers, pressured the currency. While state-run banks offered some support, liquidity was thinned by a US holiday. Market participants are closely watching the Reserve Bank of India's response and intervention strategies to manage the rupee's movement, especially around the 90 per dollar mark.