Currency Rupee could depreciate towards 77 against dollar; lower crude prices may arrest downfall: Experts Updated : April 20, 2020 07:00 PM IST The rupee has depreciated 2 percent so far in the month of April, breaching a record low of 76.87 per US dollar on April 16. Overseas investors have pulled out Rs 1,20,408 crore from Indian markets so far in 2020. Expectations of no major rebound in crude oil prices is likely to arrest the downfall in the local currency. Subscribe to Moneycontrol PRO at just Rs.33/- per month for the first year. Use code SUPERPRO. Limited period offer. Available on Web and Android.