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Falling crude oil prices provided support to the Indian currency, though it was partially weighed down by foreign fund outflows, according to forex traders. At the interbank foreign exchange market, the rupee opened at 83.63 and strengthened to 83.56 against the US dollar, trading 9 paise higher than its previous close.
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Forex traders noted that a weak American dollar and lower crude prices helped support the rupee, preventing a sharper decline. At the interbank foreign exchange, the rupee opened lower at 83.79 and further weakened to 83.84 against the dollar, down 7 paise from the previous day's close of 83.77.
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Elevated level of crude prices crossing USD 84 a barrel and subdued sentiment in the domestic equity markets also weighed on the Indian currency, forex traders said.
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On the domestic equity market front, the BSE Sensex ended 514.56 points or 1 per cent higher at 51,937.44.
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The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.20 per cent to 89.93.
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The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.14 per cent to 90.94.
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Reserve Bank of India on Wednesday expectedly left interest rates unchanged and maintained an accommodative stance as the economy faces a renewed threat.
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On the domestic equity market front, the 30-share BSE benchmark Sensex was trading 270.03 points higher at 49,429.35.
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Asian currencies were range-bound, and volumes were lower than usual with China, Hong Kong, UK and Australian markets shut.
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The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.03 per cent to 90.84.
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The dollar index, which gauges the greenback's strength against a basket of six currencies, advanced 0.25 per cent to 90.35.
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The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.22 per cent to 90.27.
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The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.16 per cent to 90.33.
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The dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.06 per cent to 90.38.
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On the domestic equity market front, the BSE Sensex was trading 277.80 points or 0.56 per cent higher at 50,069.92.
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Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading down 0.20 per cent at 90.79.
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On Thursday, the rupee snapped its two-day winning streak to close 9 paise lower at 73.66 against the US dollar.
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The dollar index, which gauges the greenback's strength against a basket of six currencies, was down 0.17 per cent to 91.15.
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Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was down 0.07 per cent to 91.93.
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Traders said sustained foreign fund inflows into the domestic equity markets also helped the local unit.
