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Moreover, a negative trend in domestic equities and elevated crude oil prices sapped investor appetite, forex traders said.
The rupee closed at 79.9625 per US dollar, down from 79.8650 in the previous session.
NDTV on Thursday cited a November 2020 ruling from the Securities and Exchange Board of India barring the Roys from accessing the securities market until November 26, 2022.
The Indian billionaire stock investor was known as 'India's Warren Buffett'.
A total of 1,904 shares have advanced, 1,427 shares declined, and 148 shares were unchanged.
During the day the local unit witnessed an intra-day high of 79.86 and a low of 79.92 against the American currency.
The Rupee had weakened to a record low of Rs 79.96 last week, weighed down by broad gains in the dollar as red-hot inflation data raised fears of more aggressive policy tightening.
A sharp correction in crude oil prices in the past few days, however, has been a breather for the local currency.
The debate that the liberals should be having is not how a rather recidivist politics can be prevented; it should be on how to subsist and survive the coming decade.
The rupee depreciated following risk-averse sentiments and weaker regional currencies.