<p>Mumbai: The <a href="https://www.deccanherald.com/business/markets/rupee-declines-16-paise-to-trade-at-8329-against-us-dollar-in-early-trade-2947917">Indian rupee fell</a> to its lowest level on record against the US dollar on Friday, weighed down by broad weakness in its Asian peers and aggressive local dollar demand, traders said.</p><p>The rupee fell to an intra-day low of 83.43, before ending marginally higher at 83.4250, but still down 0.3 per cent for the day.</p>.Rupee declines by 20 paise to 83.33 against dollar in early trade.<p>Strong dollar bids close to the end of the session pushed the rupee to a record low alongside the "surprising absence" of the Reserve Bank of India's intervention (RBI), a foreign exchange trader at a private bank said.</p><p>The RBI had likely sold dollars close to the 83.38-83.39 levels earlier in the session to ease the pressure on the rupee, traders said. </p>
<p>Mumbai: The <a href="https://www.deccanherald.com/business/markets/rupee-declines-16-paise-to-trade-at-8329-against-us-dollar-in-early-trade-2947917">Indian rupee fell</a> to its lowest level on record against the US dollar on Friday, weighed down by broad weakness in its Asian peers and aggressive local dollar demand, traders said.</p><p>The rupee fell to an intra-day low of 83.43, before ending marginally higher at 83.4250, but still down 0.3 per cent for the day.</p>.Rupee declines by 20 paise to 83.33 against dollar in early trade.<p>Strong dollar bids close to the end of the session pushed the rupee to a record low alongside the "surprising absence" of the Reserve Bank of India's intervention (RBI), a foreign exchange trader at a private bank said.</p><p>The RBI had likely sold dollars close to the 83.38-83.39 levels earlier in the session to ease the pressure on the rupee, traders said. </p>