The Indian rupee dropped to its lowest level in more than three months on Friday, tracking the weakness in its Asian peers and pressured by sustained dollar demand from local importers.
The rupee was at 83.3450 against the U.S. dollar as of 10:00 a.m. IST, weaker by 0.2% compared with its close at 83.1475 in the previous session.
The currency hit an intra-day low of 83.37, its weakest level since Dec. 13.
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