The rupee on Thursday fell 27 paise to touch an all-time low of 83.29 against the United States dollar in intra-day trading amid continuous outflow of foreign capital and a strong US currency in the overseas markets, Bloomberg reported.

The domestic currency made some recovery later in the trading session to close at 82.75.

On Wednesday, the Indian currency had breached the 83-mark against the dollar to fall to a record low due to rising crude oil prices in the global market and concerns of rate hikes in by central banks. It had tumbled 60 paise to close at its lifetime low of 83.02 per dollar.

“A couple of oil and gas public sector undertakings may have made dollar purchases of about $1 billion,” Vice President of Shinhan Bank Kunal Sodhani told Business Standard. “As the USD/INR was trading in a very narrow range of 82 to 82.40 for a couple of trading sessions, liquidity remained quite thin in the market.”

According to dealers, the Reserve Bank of India did not step in to contain the situation, leading to the depreciation of the local currency.

Meanwhile, in the equity markets, the 30-share BSE Sensex gained 95.71 points or 0.16% to 59,202.90 on Thursday. The broader NSE Nifty also rose 51.7 points to 17,563.95.

Stocks of HCL Tech, Tech Mahindra, NTPC, Power Grid, and Bajaj Finser were among the top gainers. On the other hand, Indusland Bank, Asian Paint, Ultratech Cement, HDFC Bank, and Titan were among the laggards.