The rupee depreciated 14 paise to 81.81 against the US dollar in early trade on Wednesday, tracking a strong American currency and sustained foreign fund outflows.
The domestic unit opened at 81.81 versus the dollar on the interbank foreign exchange, down 14 paise from its previous finish.
On Tuesday, the rupee appreciated by 12 paise to close at 81.67 against the dollar.
The rupee witnessed heavy volatility in early trade on Monday and depreciated 15 paise to 80.93 against the US dollar in line with a muted trend in domestic equities. At the interbank foreign exchange, the domestic unit opened on a strong note at 80.53 against the dollar, then pared the gains to quote at 80.93, registering a loss of 15 paise over its previous close. On Friday,