Rupee falls 13 paise to 83.44 against dollar

Mumbai: The rupee depreciated 13 paise to close at 83.44 against the US dollar on Friday, weighed down by a massive sell-off in domestic equities and a strong greenback against major crosses overseas.

Forex traders said elevated crude oil prices also dented investor sentiments.

At the interbank foreign exchange market, the local unit opened at 83.36 and touched an intraday low of 83.44 against the greenback.

The local unit finally settled at 83.44, registering a loss of 13 paise from its previous close.

On Wednesday, the rupee closed flat at 83.31 against the US dollar.

Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.51 per cent higher at 105.82.