<p>Mumbai: The rupee gained 2 paise to close at 83.95 (provisional) against the US dollar on Friday amid a weak greenback in overseas markets.</p><p>However, negative domestic markets, rise in crude oil prices, and outflow of foreign capital capped sharp gains, forex traders said.</p><p>At the interbank currency market, the local unit opened at 83.97 and witnessed an intra-day high of 83.91 against the American currency.</p>.Rupee opens 2 paise higher at 83.95 against US dollar.<p>The unit, which traded in the range of 83.91-83.97, finally settled at 83.95 (provisional), registering a gain of 2 paise. It had closed at 83.97 on Tuesday.</p><p>"Indian rupee recovered today on weak US dollar. However, weak domestic markets capped sharp gains," Anuj Choudhary, Research Analyst at Sharekhan by BNP Paribas, said.</p><p>"We expect rupee to trade with a slight negative bias on weak global equities and concerns over global economic growth," he said, adding that the USD-INR spot price is expected to trade in a range of Rs 83.70 to Rs 84.20.</p><p>Traders may take cues from non-farm payrolls report and speeches by the US Federal Reserve's rate-setting panel members, he added.</p><p>Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was down 0.14 per cent to 100.96 points.</p><p>Brent crude, the international benchmark, gained 0.58 per cent to USD 73.11 per barrel in futures trade.</p><p>In the domestic equity markets, Sensex tanked 1,017.23 points to settle at 81,183.93, while Nifty slumped 292.95 points to 24,852.15.</p><p>Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Thursday, as they offloaded shares worth Rs 688.69 crore, according to exchange data.</p>
<p>Mumbai: The rupee gained 2 paise to close at 83.95 (provisional) against the US dollar on Friday amid a weak greenback in overseas markets.</p><p>However, negative domestic markets, rise in crude oil prices, and outflow of foreign capital capped sharp gains, forex traders said.</p><p>At the interbank currency market, the local unit opened at 83.97 and witnessed an intra-day high of 83.91 against the American currency.</p>.Rupee opens 2 paise higher at 83.95 against US dollar.<p>The unit, which traded in the range of 83.91-83.97, finally settled at 83.95 (provisional), registering a gain of 2 paise. It had closed at 83.97 on Tuesday.</p><p>"Indian rupee recovered today on weak US dollar. However, weak domestic markets capped sharp gains," Anuj Choudhary, Research Analyst at Sharekhan by BNP Paribas, said.</p><p>"We expect rupee to trade with a slight negative bias on weak global equities and concerns over global economic growth," he said, adding that the USD-INR spot price is expected to trade in a range of Rs 83.70 to Rs 84.20.</p><p>Traders may take cues from non-farm payrolls report and speeches by the US Federal Reserve's rate-setting panel members, he added.</p><p>Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was down 0.14 per cent to 100.96 points.</p><p>Brent crude, the international benchmark, gained 0.58 per cent to USD 73.11 per barrel in futures trade.</p><p>In the domestic equity markets, Sensex tanked 1,017.23 points to settle at 81,183.93, while Nifty slumped 292.95 points to 24,852.15.</p><p>Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Thursday, as they offloaded shares worth Rs 688.69 crore, according to exchange data.</p>