The rupee depreciated by 5 paise to close at 83.92 (provisional) against the American currency on Tuesday, on overnight jump in crude oil prices and a surge in commodity prices.
However, positive domestic markets and a soft US dollar cushioned the downside, forex traders said.
At the interbank foreign exchange market, the local unit opened at 83.91 and touched an intra-day low of 83.95 against the US dollar.
The domestic currency finally settled at 83.92 (provisional), 5 paise lower from its previous close.
On Monday, the Indian rupee settled for the day 3 paise higher at 83.87 against the American currency. -- PTI
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