Indian Rupee Depreciates Against The U.S. Dollar

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Indian rupee notes. (Photo: Vijay Sartape/BQ Prime)

The Indian rupee depreciated against the U.S. dollar on Friday.

The local currency, which opened 4 paise weak at 81.66, strengthened as much as 0.23% to 81.43 against the greenback by afternoon trade. It closed at 81.62 on Thursday.

However, by late trade, the rupee had depreciated marginally to close at 81.68.

The rupee had hit a record low of 83.29 on Oct. 20.

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