Rupee falls 4 paise against US dollar

The rupee depreciated by 4 paise to close at 81.94 against the US dollar on Monday amid strong American currency against major rivals overseas and a weak trend in domestic equities.

However, a downward trend in crude price capped the fall in the domestic unit, forex traders said.

At the interbank foreign exchange, the domestic unit opened lower at 81.93 and moved in the range of 82.01 to 81.90 during intra-day.

The unit settled at 81.94 against the US dollar, reflecting a loss of 4 paise over the previous close.

On Friday, the rupee settled at 81.90 against the dollar.