Rupee falls against US dollar due to volatile crude oil prices, foreign fund outflow, but supported by weak greenback.

The Indian rupee depreciated by 11 paise to close at 83.80 against the US dollar on Monday, influenced by a decline in equity markets and volatile crude oil prices. Weak dollar against major currencies offered some support.

At the interbank foreign exchange, the local unit opened at 83.72 and hit the intra-day low of 83.81 against the greenback during the session. The unit finally settled at 83.80 (provisional) against dollar,

At the interbank foreign exchange, the local unit opened at 83.72 and slipped further to 83.75 against the American currency, registering a loss of 6 paise from its previous close. On Friday, the rupee fell 3 paise to settle at 83.