Mumbai: The rupee declined by 8 paise to settle at 82.75 against the US dollar on Monday, tracking bearish equity markets.
Forex analysts said weakness in the US dollar and a decline in crude oil prices cushioned the downside.
At the interbank foreign exchange market, the local unit opened at 82.74 and touched the intra-day low of 82.76 against the greenback.
The local unit finally settled at 82.75 against the dollar, registering a loss of 8 paise from its previous close.
On Thursday, the rupee climbed 16 paise to settle at 82.67 against the US dollar.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was at 104.21, unchanged from its previous close.