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According to forex analysts, despite positive sentiment in the domestic equity markets and a weak American currency against major global currencies, the Indian unit was weighed down by the volatile crude oil prices.
The rupee depreciated 4 paise to 83.22 against the US dollar in early trade on Thursday, tracking negative cues from domestic equity markets and sustained withdrawal of foreign funds
Mumbai, Dec 13 (PTI) The rupee depreciated 4 paise to hit an all-time closing low of 83.41 (provisional) against the US dollar on Wednesday amid a strong American currency overseas.
At the interbank foreign exchange, the rupee opened stronger at 83.29 against the dollar and touched the highest level of 83.25. It later traded at 83.29 against the greenback, registering a gain of 8 paise over its previous close.
India Business News: The Indian rupee weakened against the US dollar due to a strong greenback in international markets. However, the rupee was supported by foreign instit