The rupee declined by 20 paise to settle at 83.14 (provisional) against the US dollar on Monday due to rising crude oil prices and a strong American currency against major rivalsoverseas.
Subdued equity markets and withdrawal of foreign funds also weighed on the domestic currency, forex traders said.
At the interbank foreign exchange market, the local unit opened weak at 83.04 and traded between a high of 83.04 and a low of 83.15 against the greenback. It finally settled at 83.14 (provisional) against the dollar, registering a fall of 20 paise from the previous close.
On Friday, the rupee climbed 19 paise to close at 82.94 against the US dollar.