The Indian rupee depreciated by 31 paise to 74.86 (provisional) against the US currency on Tuesday as riskier assets took a hit amid deepening geopolitical tensions. Besides, sustained foreign fund outflows, a lacklustre trend in domestic equities and elevated crude oil prices weighed on investor sentiment. At the interbank foreign exchange, the rupee opened at 74.71 against the American dollar but later dropped to a low of 74.99 against the greenback. The local unit was quoted at 74.86 at close, down 31 paise from the previous close.
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