<p>The rupee recovered from its all-time low levels and appreciated by 10 paise to 83.13 against the US dollar in early trade on Friday, tracking a positive trend in domestic equities.</p><p>Forex traders said the rupee is trading in a narrow range as firm crude oil prices and the strength of the American currency in the overseas market dented investor sentiments, while positive domestic equities cushioned the downside.</p><p>At the interbank foreign exchange, the domestic unit opened at 83.13, registering a rise of 10 paise over its last close.</p><p>On Thursday, the rupee depreciated 10 paise to its lifetime low of 83.23 against the US dollar.</p><p>Forex traders expect the rupee to trade with a negative bias on a strong dollar and elevated crude oil prices. Disappointing European data may further support the dollar.</p><p>The dollar index, which gauges the greenback's strength against a basket of six currencies, fell marginally by 0.15 per cent to 104.89.</p><p>Brent crude futures, the global oil benchmark, fell 0.61 per cent to $89.37 per barrel.</p><p>In the domestic equity market, the 30-share BSE Sensex was trading 168.59 points or 0.25 per cent higher at 66,434.15. The broader NSE Nifty advanced 41.80 points or 0.21 per cent to 19,768.85.</p><p>Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Thursday as they offloaded shares worth Rs 758.55 crore, according to exchange data.</p>
<p>The rupee recovered from its all-time low levels and appreciated by 10 paise to 83.13 against the US dollar in early trade on Friday, tracking a positive trend in domestic equities.</p><p>Forex traders said the rupee is trading in a narrow range as firm crude oil prices and the strength of the American currency in the overseas market dented investor sentiments, while positive domestic equities cushioned the downside.</p><p>At the interbank foreign exchange, the domestic unit opened at 83.13, registering a rise of 10 paise over its last close.</p><p>On Thursday, the rupee depreciated 10 paise to its lifetime low of 83.23 against the US dollar.</p><p>Forex traders expect the rupee to trade with a negative bias on a strong dollar and elevated crude oil prices. Disappointing European data may further support the dollar.</p><p>The dollar index, which gauges the greenback's strength against a basket of six currencies, fell marginally by 0.15 per cent to 104.89.</p><p>Brent crude futures, the global oil benchmark, fell 0.61 per cent to $89.37 per barrel.</p><p>In the domestic equity market, the 30-share BSE Sensex was trading 168.59 points or 0.25 per cent higher at 66,434.15. The broader NSE Nifty advanced 41.80 points or 0.21 per cent to 19,768.85.</p><p>Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Thursday as they offloaded shares worth Rs 758.55 crore, according to exchange data.</p>