"us-dollar"

Market participants are in a wait-and-watch mode ahead of the Bank of England and Bank of Japan policy decision, he said.

"The Indian rupee faced pressure due to an advancing dollar index, driven by hawkish remarks from Federal Reserve officials, according to forex traders."

Halting its four-session losing streak at the interbank foreign exchange, the domestic unit opened strong at 83.22 against the dollar and traded in the range of 83.27-83.06 against the greenback

However, a sell-off in the domestic equity markets and a strong American currency against major rivals overseas restricted the rupee's rise, traders said.

Besides, a strong American currency against key rivals overseas and a negative trend in domestic equities weighed on investor sentiments

The rupee witnessed range-bound trading against the US dollar in early trade on Friday

The rupee appreciated 8 paise to 82.93 against the US dollar in early trade on Thursday tracking positive domestic equities

The rupee appreciated by 10 paise to 82.93 against the US dollar in early trade on Tuesday tracking a positive trend

A weak American currency against major rivals overseas, however, supported the domestic unit and restricted the fall

The rupee continued its upward trend for the second straight session and appreciated by 9 paise to 82.93 against the US dollar in early trade on Monday

The US dollar is on track for its eighth consecutive week of gains against a basket of major currencies, marking its strongest performance since the winter of 2014-2015. According to CNN, it has surged by 5% since mid-July.

At the interbank foreign exchange, the domestic unit opened at 83.13, registering a rise of 10 paise over its last close.

The rupee depreciated for the fourth straight day to settle 10 paise lower at its lifetime low of 83.23 against the US dollar on Thursday

The rupee fell 2 paise to hit the lowest level of 83.15 against the US dollar in early trade on Thursday amid a strong American currency and elevated crude oil prices

Forex traders said the Indian rupee depreciated on Wednesday as the US dollar rose to the highest levels in six months.

Forex traders said the rupee is trading lower on strong dollar and sustained foreign fund outflows over the past few days.

Positive sentiment in the equity markets failed to provide support to the Indian currency facing pressure due to the elevated level of greenback

On the domestic equity market front, the BSE Sensex closed 555.75 points or 0.86 per cent higher at 65,387.16 points while the broader Nifty jumped by 181.50 points or 0.94 per cent to end at 19,435.30 points.

According to Jateen Trivedi, VP Research Analyst at LKP Securities, the capital market experienced profit booking, particularly in the financial sector, which had an impact on the rupee's performance.

The rupee traded in a narrow range and appreciated by 1 paise to 82.62 against the US dollar in early trade on Thursday amid a positive trend in the domestic equity market