The rupee depreciated 9 paise to close at 83.63 against the American currency, weighed down by a muted trend in domestic equities and rising crude oil prices.

On Monday, the local unit pared its early gains to close lower by 2 paise at 83.54 against the American currency

The Rupee pared its early gains to close lower by 2 paise at 83.54 against the US currency on Monday, snapping its six-day gaining streak due to a strengthening Dollar in overseas markets and an uptick in crude oil prices.

The rupee continued its rally for the third week, appreciating 6 paise to 83.46 against the US dollar, supported by positive domestic equity markets and foreign fund inflows. However, rising crude oil prices and a stronger dollar limited further gains.