The rupee depreciated by 11 paise to close at 84.40 against the US dollar on Wednesday amid uncertainties surrounding US President-elect Donald Trump's trade policies and an increase in crude oil prices.
However, a strong show at the domestic equity markets, FII inflows along with a weakening dollar against major currencies supported the local unit at lower level, according to forex traders.
At the interbank currency exchange, the rupee opened at 84.38, lower by 9 paise from its previous close, and declined further to touch an intra-day low of 84.48 during the session. It settled at 84.40 against the greenback, 11 paise lower than Tuesday's close of 84.29.
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