Mumbai, August 14: The Indian rupee on Friday depreciated by 18 paise against the US dollar in the forex market on steady capital outflows amid jittery financial markets.
In lacklustre trade at the Interbank Foreign Exchange market, the domestic unit lost 18 paise and traded at 48.28 per US dollar.
Marketmen said a single day largest gain of the month in stocks markets failed to enthuse forex traders.
–PTI