The rupee depreciated 31 paise to 64.52 against the US dollar at the interbank forex market today on increased demand for the greenback from importers and banks.
According to a forex dealer, a strong dollar also weighed on the Indian rupee. The dollar recovered from a 15-month low against the yen to trade at 106.75, up 0.15 per cent for the day.
On Friday, the rupee had ended 30 paise lower at 64.21 against the US dollar due to rising global crude prices and worsening trade deficit. On a net basis, foreign investors withdrew Rs 895.79 crore from stocks yesterday, according to provisional FPI data.
Meanwhile, the benchmark BSE Sensex rose 157.24 points or 0.46 per cent to 33,931.90 in early trade.