The rupee depreciated by 9 paise to end at 74.39 (provisional) against the US dollar on Monday, as massive sell-offs in domestic equities and a strong greenback in the overseas market weighed on investor sentiments.
Besides, rising crude prices in the international market and persistent foreign capital outflows also put pressure on the rupee, forex dealers said.
At the interbank foreign exchange market, the local currency opened weak at 74.36 and lost further ground as the trade progressed to quote 74.51 a dollar.