<p>Mumbai: The rupee dipped 1 paisa to 85.87 against the US dollar in early trade on Friday due to a firm American currency and massive outflow of foreign capital.</p><p>Higher crude oil prices overseas also weighed on the Indian currency though it found some support tracking positive cues from domestic equity markets, forex traders said.</p><p>At the same time, they said, the dollar strengthened on increased demand amid the anticipation of restrictive trade measures by the new US administration under President Donald Trump after January 20.</p><p>At the interbank foreign exchange, the rupee opened at 85.88 and moved up a tad to 85.87 against the greenback in initial deals, trading with a loss of 1 paisa from its previous close.</p>.Markets give up early gains, trade lower on foreign fund exodus. <p>On Thursday, the rupee settled with a gain of 5 paise at 85.86 against the US dollar, recovering from the steep decline of 17 paise in the preceding session.</p><p>Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.03 per cent higher at 109.03. The 10-year US bond yields also rose to 4.68 per cent.</p><p>Brent crude, the global oil benchmark, climbed 0.31 per cent to $77.16 per barrel in futures trade.</p><p>In the domestic equity market, the 30-share BSE Sensex was trading 253.40 points, or 0.33 per cent, higher at 77,873.61 points, while the Nifty was up 62.60 points, or 0.27 per cent, at 23,589.10 points.</p><p>Foreign institutional investors (FIIs) offloaded Rs 7,170.87 crore in the capital markets on a net basis on Thursday, according to exchange data.</p>
<p>Mumbai: The rupee dipped 1 paisa to 85.87 against the US dollar in early trade on Friday due to a firm American currency and massive outflow of foreign capital.</p><p>Higher crude oil prices overseas also weighed on the Indian currency though it found some support tracking positive cues from domestic equity markets, forex traders said.</p><p>At the same time, they said, the dollar strengthened on increased demand amid the anticipation of restrictive trade measures by the new US administration under President Donald Trump after January 20.</p><p>At the interbank foreign exchange, the rupee opened at 85.88 and moved up a tad to 85.87 against the greenback in initial deals, trading with a loss of 1 paisa from its previous close.</p>.Markets give up early gains, trade lower on foreign fund exodus. <p>On Thursday, the rupee settled with a gain of 5 paise at 85.86 against the US dollar, recovering from the steep decline of 17 paise in the preceding session.</p><p>Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.03 per cent higher at 109.03. The 10-year US bond yields also rose to 4.68 per cent.</p><p>Brent crude, the global oil benchmark, climbed 0.31 per cent to $77.16 per barrel in futures trade.</p><p>In the domestic equity market, the 30-share BSE Sensex was trading 253.40 points, or 0.33 per cent, higher at 77,873.61 points, while the Nifty was up 62.60 points, or 0.27 per cent, at 23,589.10 points.</p><p>Foreign institutional investors (FIIs) offloaded Rs 7,170.87 crore in the capital markets on a net basis on Thursday, according to exchange data.</p>