Rupee falls to 83.81 against the US dollar due to significant foreign fund outflows amid volatile global markets. Despite a stronger dollar, retreating crude oil prices and a recovery in domestic equities limited the decline.

Rupee falls against US dollar due to volatile crude oil prices, foreign fund outflow, but supported by weak greenback.

The Indian rupee depreciated by 11 paise to close at 83.80 against the US dollar on Monday, influenced by a decline in equity markets and volatile crude oil prices. Weak dollar against major currencies offered some support.

Rupee depreciated 10 paise to settle at 83.79 against the US dollar on Monday, taking cues from equity markets that saw a steep fall of over 1 per cent amid volatile crude oil prices and significant foreign fund outflows.

Forex traders noted that rising crude oil prices and a strong U.S. dollar against major global currencies, driven by increased demand from importers at the month's end, exerted pressure on the local currency.

The Indian Rupee depreciated by 6 paise to 83.75 against the US dollar in early trade on Monday due to negative equity market sentiment and outflow of foreign funds. Read more.

At the interbank foreign exchange, the local unit opened at 83.64 and moved between the high of 83.62 and the low of 83.71 during the session.

Rupee settles at 83.70 against US dollar amid subdued equity markets, month-end demand, and fluctuating crude prices.

The Indian rupee weakened against the US dollar in early trade on Tuesday, driven by foreign fund outflows and a strengthening dollar. Read more to learn about the factors influencing the rupee.

At the interbank foreign exchange, the local unit opened at 83.81 against the greenback, registering a loss of 2 paise from its previous closing level.