<p>Mumbai: Rupee declined 11 paise to 83.69 against the US dollar in early trade on Thursday amid a strengthening dollar against overseas currencies and an increase in crude oil prices.</p><p>FIIs turning net sellers on Wednesday put further pressure on the domestic currency against the greenback, according to forex experts.</p><p>At the interbank foreign exchange, the local unit opened at 83.66, down 8 paise from its previous close of 83.58 against the American currency. It slipped further to 83.69, 11 paise lower from Wednesday's closing rate.</p>.Sensex, Nifty reach fresh all-time high levels in early trade. <p>"The USDINR is expected to find strong support at 83.50, with potential to rebound toward 83.75-83.80, offering another selling opportunity for those who missed out at similar levels before," CR Forex Advisors MD Amit Pabari said.</p><p>On the domestic equity markets front, the Sensex climbed 146.27 points to reach its all-time high of 85,316.14, while the Nifty, too, scaled to a record high of 26,037.25 points, up 33.10 points.</p><p>The dollar index, which gauges the greenback's strength against a basket of six currencies, rose marginally by 0.03 per cent to 100.93.</p><p>Brent crude, the international benchmark, was also up 0.05 per cent to 73.50 in futures trade.</p><p>Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Tuesday, offloading shares worth Rs 973.94 crore, according to exchange data.</p>
<p>Mumbai: Rupee declined 11 paise to 83.69 against the US dollar in early trade on Thursday amid a strengthening dollar against overseas currencies and an increase in crude oil prices.</p><p>FIIs turning net sellers on Wednesday put further pressure on the domestic currency against the greenback, according to forex experts.</p><p>At the interbank foreign exchange, the local unit opened at 83.66, down 8 paise from its previous close of 83.58 against the American currency. It slipped further to 83.69, 11 paise lower from Wednesday's closing rate.</p>.Sensex, Nifty reach fresh all-time high levels in early trade. <p>"The USDINR is expected to find strong support at 83.50, with potential to rebound toward 83.75-83.80, offering another selling opportunity for those who missed out at similar levels before," CR Forex Advisors MD Amit Pabari said.</p><p>On the domestic equity markets front, the Sensex climbed 146.27 points to reach its all-time high of 85,316.14, while the Nifty, too, scaled to a record high of 26,037.25 points, up 33.10 points.</p><p>The dollar index, which gauges the greenback's strength against a basket of six currencies, rose marginally by 0.03 per cent to 100.93.</p><p>Brent crude, the international benchmark, was also up 0.05 per cent to 73.50 in futures trade.</p><p>Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Tuesday, offloading shares worth Rs 973.94 crore, according to exchange data.</p>