Indian rupee has depreciated on Tuesday against US dollar. Indian currency fell 16 paise or 0.25 percent against dollar to trade at 63.07.

Rupee has witnessed a high of 63.03 and a low of 63.16. Its 52-week range was 58.34-63.89.

The Dollar index, a measure of the value of the US dollar relative to a basket of foreign currencies, went up 0.12 percent to trade at 98.06.

On Monday, Indian rupee has depreciated against US dollar. Indian currency fell 53 paise or 0.85 percent against dollar to settle at 62.89.