The Indian rupee depreciated after opening strong against the U.S. dollar on Tuesday.
The local currency opened at 82.70 against the U.S. dollar, appreciating 4 paise against Monday's close of 82.74. It had strengthened as much as 0.1%, or 8 paise, to 82.66 apiece, according to Bloomberg data.
However, the rupee slipped into losses soon after opening and depreciated as much as 0.24% or 20 paise intraday to 82.94.
It ended day's trade at 82.88, about 0.17% lower.
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