MUMBAI: The rupee depreciated 13 paise to close at 86.47 (provisional) against the US dollar on Wednesday, dragged down by risk-off sentiments and elevated crude oil prices.
Forex traders said the rupee dwindled amid weak domestic equity markets and the broad strength of the dollar.
Moreover, elevated global crude oil prices and selling pressure from foreign investors also weighed on the local unit, they said, adding that the domestic markets are falling on risk aversion in the global markets amid the ongoing geopolitical tensions in the Middle East.
