The rupee depreciated 7 paise to close at 73.61 (provisional) against the US dollar on Friday even as the domestic equity market was trading with significant gains.

Rupee slips 11 paise to 73.65 against US dollar in early trade

The dollar index, which gauges the greenback's strength against a basket of six currencies, strengthened by 0.19 per cent to 92.78.

Rupee slips 16 paise to 73.74 against US dollar in early trade

Rupee rises 12 paise to 73.37 against US dollar in early trade

The local unit opened at 73.38 against the US dollar at the interbank forex market, then lost ground and touched 73.42, down 7 paise over its previous close.

Rupee opens on flat note, slips 3 paise to 73.38 against US dollar

It further added that "RBI mopping up flows by purchasing dollars in anticipation of fund and portfolio flows could also keep the appreciation bias limited for the domestic unit".