Indian Rupee Slides Against The U.S. Dollar

The Indian rupee depreciated against the U.S. dollar, as the safe haven currency continued to strengthen.

The local currency opened at 81.65, depreciating 0.44% or 35 paise. It closed at 81.30 on Wednesday.

Intraday, the rupee depreciated as much as 0.46% to 81.68. It ended 0.4% lower, at 81.63, declining 33 paise over the day.

The rupee had hit a record low of 83.29 on Oct. 20.