Rupee Opens 2 Paise Higher at 83.95 Against US Dollar

Mumbai: Rupee rose by 2 paise to 83.95 against US dollar in early tre on Friday amid a weaker dollar against major currencies overseas.

An urd movement in international crude oil prices, negative domestic equity markets and outflow of foreign capital capped gains in local unit, forex trers said.

At interbank foreign exchange market, rupee opened 1 paisa higher at 83.96 against greenback. domestic unit h settled 4 paise higher at 83.97 on Thursday.

On Wednesday, rupee h breached crucial 84-mark for second time within a month and settled 3 paise lower at 84.01 against American currency.

Meanwhile, dollar index, which gauges greenback's strength against a basket of six currencies, was down 0.10 per cent to 100.97 points.

Analysts said American currency was tring lower as investors were awaiting cues from US jobs data to be released later in day.

Brent crude, international benchmark, was marginally up by 0.01 per cent at USD 72.70 per barrel in futures tre.

In domestic equity market, 30-share BSE Sensex fell 189.44 points, or 0.23 per cent, to 82,011.72, while Nifty was down 52.55 points, or 0.21 per cent, to 25,092.55.

Foreign Institutional Investors (FIIs) were net sellers in capital markets on Thursday, as y offloed shares worth Rs 688.69 crore, according to exchange data.