Mumbai: The rupee depreciated 12 paise to revisit its all-time low of 88.80 (provisional) against the US dollar on Tuesday, weighed down by negative domestic equities and overnight gains in the American currency.

Forex traders said foreign fund outflows amid a risk-off mode globally further dented investor sentiment.

However, a decline in crude oil prices and reports of RBI intervention supported the local unit and restricted the slide. Read Also Rupee Vs Dollar: Rupee Hits Record Low Amid Visa Shock, H-1B Fee Hike Sends Currency Tumbling

At the interbank foreign exchange, the rupee opened at 88.73 against the greenback and fell to an intraday low of 88.81 and a high of 88.73. It finally closed the day at 88.80 against the greenback, registering a decline of 12 paise over its previo

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