Mumbai: The rupee declined 20 paise to settle at 86.12 against the US dollar on Thursday amid a stronger greenback, outflow of foreign funds and volatile global crude oil prices.
Selling trend in the domestic equity markets and uncertainties over the outcome of the ongoing India-US trade talks further pressured the rupee, according to forex traders.
At the interbank foreign exchange, the rupee opened at 85.93 against the US dollar and traded in the range of 85.80-86.13 during the day before settling at 86.12, down 20 from its previous close.
The rupee had declined 16 paise against the US dollar to close at 85.92 on Wednesday.
Brent crude, the global oil benchmark, was marginally down by 0.06 per cent to $68.48 per barrel in futures trade.
The dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.25 per cent to 98.63. Foreign institutional investors (FIIs) sold equities worth Rs 1,858.15 crore on a net basis on Wednesday, according to exchange data.