India, Oct. 9 -- The rupee depreciated by 13 paise to close at 96.88 against the US dollar on Thursday, on risk aversion in global markets amid escalation of geopolitical tensions.

Forex traders said the rupee is under pressure amid persistent headwinds, including global dollar strength (DXY trading near multi-month highs) and elevated Brent crude prices hovering near $104 per barrel.

However, suspected intervention by the Reserve Bank of India supported the domestic unit at lower levels.

At the interbank foreign exchange market, the rupee opened at 96.71 and touched a high of 96.65 against the greenback during intraday. At the end of the trading session on Thursday, the rupee closed at 96.88, down 13 paise over its previous close. On ...