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I came across the phrase luck of late in the short story The Thief by Ruskin Bond(Para 2 Line 2):

I approached him. He was about twenty, a tall, lean fellow, and he looked kind and simple enough for my purpose. I hadn’t had much luck of late and thought I might be able to get into this young person’s confidence.

I'm unable to comprehend its meaning nor can I look it up.

I wonder if it simply means the narrator approached him without any delay or something else.

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    The phrase is not luck of late, but of late meaning recently. The narrator had been going through a period of bad luck.
    – Kate Bunting
    Commented Mar 19, 2021 at 11:25

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You weren't able to look it up because it isn't one single phrase, but two:

I hadn't had much luck: my luck had been bad
of late: recently

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