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Rupee: The offshore Chinese yuan, at 7.1824 to the U.S. dollar, was at its highest in nearly two months, while the Japanese yen was poised for its best week in one-and-a-half years amid central bank intervention.
At the interbank foreign exchange, the domestic unit opened weak at 83.39 against the greenback and then slipped further to 83.43, registering a loss of 5 paise compared to its previous closing level.
Forex traders said investor sentiments got a boost as crude oil prices retreated from their elevated levels, while the strength of the American currency in the overseas market weighed on the local unit and restricted the up move.
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Forex traders said the Indian rupee depreciated as foreign fund outflows weighed on the rupee. However, positive domestic markets cushioned the downside.