<p>Mumbai: The rupee appreciated 2 paise to 82.89 against the US dollar in early trade on Monday on the back of foreign funds inflow and retreating crude oil prices in the overseas market.</p><p>Forex traders said subdued equity market sentiment and strengthening American currency weighed on the domestic unit.</p>.<p>Also, they said investors adopted cautious approach ahead of inflation and other macroeconomic data to be released in India as well as in the US later this week.</p>.<p>At the interbank foreign exchange, the local currency opened at 82.88 and slipped further to 82.89 against the greenback, registering a gain of 2 paise from the previous close.</p>.<p>On Friday, the rupee settled 6 paise lower at 82.91 against the US dollar.</p><p> The dollar index, which gauges the greenback's strength against a basket of six currencies, was 0.06 per cent higher at 103.92.</p>.<p>Brent crude futures, the global oil benchmark, was trading 0.45 per cent lower at $82.25 per barrel.</p>.<p>In the domestic equity market, the 30-share BSE Sensex was trading 219.37 points or 0.30 per cent lower at 72,923.43 points. The broader NSE Nifty declined 51.10 points or 0.23 per cent to 22,161.60 points.</p>.<p>Foreign Institutional Investors (FIIs) were net buyers in the capital markets on Friday as they purchased worth Rs 1,276.09 crore, according to exchange data.</p>.<p>India's forex reserves declined $5.24 billion to $617.23 billion for the week ending February 9, according to weekly data released by the Reserve Bank of India (RBI) on Friday. </p>
<p>Mumbai: The rupee appreciated 2 paise to 82.89 against the US dollar in early trade on Monday on the back of foreign funds inflow and retreating crude oil prices in the overseas market.</p><p>Forex traders said subdued equity market sentiment and strengthening American currency weighed on the domestic unit.</p>.<p>Also, they said investors adopted cautious approach ahead of inflation and other macroeconomic data to be released in India as well as in the US later this week.</p>.<p>At the interbank foreign exchange, the local currency opened at 82.88 and slipped further to 82.89 against the greenback, registering a gain of 2 paise from the previous close.</p>.<p>On Friday, the rupee settled 6 paise lower at 82.91 against the US dollar.</p><p> The dollar index, which gauges the greenback's strength against a basket of six currencies, was 0.06 per cent higher at 103.92.</p>.<p>Brent crude futures, the global oil benchmark, was trading 0.45 per cent lower at $82.25 per barrel.</p>.<p>In the domestic equity market, the 30-share BSE Sensex was trading 219.37 points or 0.30 per cent lower at 72,923.43 points. The broader NSE Nifty declined 51.10 points or 0.23 per cent to 22,161.60 points.</p>.<p>Foreign Institutional Investors (FIIs) were net buyers in the capital markets on Friday as they purchased worth Rs 1,276.09 crore, according to exchange data.</p>.<p>India's forex reserves declined $5.24 billion to $617.23 billion for the week ending February 9, according to weekly data released by the Reserve Bank of India (RBI) on Friday. </p>