The rupee depreciated 19 paise and closed below the 76 per dollar mark on Monday as weak domestic equities and sustained foreign fund outflows weighed on investor sentiment.
Forex traders said risk appetite has waned amid fresh cases of Covid-19 globally.
The rupee opened weak at 75.93 at the interbank forex market. It fell further and finally settled for the day at 76.03 against the US dollar, down 19 paise over its last close.
It had settled at 75.84 against the US dollar on Friday.
During the four-hour trading session, the rupee witnessed an intra-day high of 75.93 and a low of 76.15.