Forex traders said significant foreign fund outflows and a muted trend in domestic equities also dented investor sentiments.
The rupee depreciated 52 paise to 82.04 against the US dollar in intra-day trade on Tuesday after the Economic Survey 2022-23 said the domestic unit may remain under pressure on account of plateauing of exports and subsequent widening of the current account deficit.
Forex traders said significant foreign fund outflows and a muted trend in domestic equities also dented investor sentiments.
At the interbank foreign exchange, the domestic unit opened weak at 81.61 against the dollar, then lost ground to 82.04, registering a decline of 52 paise over its last close.
In the previous session on Monday, the rupee settled at 81.52 against the American currency.