<p>The rupee recovered from its all-time low levels and appreciated by 7 paise to 83.02 against the US dollar in early trade on Friday as the American currency retracted from its elevated levels.</p><p>However, a muted trend in domestic equities, foreign fund outflows and rising crude oil prices weighed on the domestic unit, forex traders said.</p><p>At the interbank foreign exchange, the domestic unit opened at 83.03, then touched a high of 83.02 against the American currency, registering a rise of 7 paise over its last close.</p><p>In initial trade the rupee also touched a low of 83.09 against the American currency.</p><p>On Thursday, the rupee settled for the day lower by 1 paisa at a fresh all-time low of 83.09 against the US dollar.</p><p>Forex traders said rupee is likely to trade with a negative bias on risk aversion in global markets and firm US dollar.</p><p>The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.26 per cent to 103.30.</p><p>Brent crude futures, the global oil benchmark, rose 0.07 per cent to $84.18 per barrel.</p><p>In the domestic equity market, the 30-share BSE Sensex was trading 206.61 points or 0.32 per cent lower at 64,944.41. The broader NSE Nifty declined 67.95 points or 0.35 per cent to 19,297.30.</p><p>Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Thursday as they offloaded shares worth Rs 1,510.86 crore, according to exchange data.</p>
<p>The rupee recovered from its all-time low levels and appreciated by 7 paise to 83.02 against the US dollar in early trade on Friday as the American currency retracted from its elevated levels.</p><p>However, a muted trend in domestic equities, foreign fund outflows and rising crude oil prices weighed on the domestic unit, forex traders said.</p><p>At the interbank foreign exchange, the domestic unit opened at 83.03, then touched a high of 83.02 against the American currency, registering a rise of 7 paise over its last close.</p><p>In initial trade the rupee also touched a low of 83.09 against the American currency.</p><p>On Thursday, the rupee settled for the day lower by 1 paisa at a fresh all-time low of 83.09 against the US dollar.</p><p>Forex traders said rupee is likely to trade with a negative bias on risk aversion in global markets and firm US dollar.</p><p>The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.26 per cent to 103.30.</p><p>Brent crude futures, the global oil benchmark, rose 0.07 per cent to $84.18 per barrel.</p><p>In the domestic equity market, the 30-share BSE Sensex was trading 206.61 points or 0.32 per cent lower at 64,944.41. The broader NSE Nifty declined 67.95 points or 0.35 per cent to 19,297.30.</p><p>Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Thursday as they offloaded shares worth Rs 1,510.86 crore, according to exchange data.</p>