<p>Mumbai: The rupee fell 1 paisa to 83.14 against the US dollar in early trade on Friday amid heavy selling of equities by Foreign Institutional Investors (FIIs).</p>.<p>Forex traders said positive cues from domestic equity markets and lower level of dollar provided support to the Indian currency.</p>.<p>At the interbank foreign exchange, the domestic currency opened at 83.15, then slipped to 83.16 before trading at 83.14 against the greenback in morning deals, down 1 paisa from its previous close.</p>.<p>On Thursday, the rupee settled 1 paisa higher at 83.13 against the US dollar.</p>.<p>Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.19 per cent lower at 103.12 on Friday.</p>.<p>Analysts said the dollar index retreated after the US macroeconomic data reflected steady growth in the country, trimming financial markets' expectations of reducing interest rate by the Federal Reserve.</p>.<p>Brent crude futures, the global oil benchmark, declined 0.27 per cent to USD 78.89 per barrel.</p>.<p>In the domestic equity market, the 30-share BSE Sensex was trading 647.57 points, or 0.90 per cent, higher at 71,834.43. The broader NSE Nifty rose 193.75 points, or 0.90 per cent, to 21,656.00.</p>.<p>FIIs were net sellers in the equity market on Thursday as they sold shares worth Rs 9,901.56 crore, according to exchange data. </p>
<p>Mumbai: The rupee fell 1 paisa to 83.14 against the US dollar in early trade on Friday amid heavy selling of equities by Foreign Institutional Investors (FIIs).</p>.<p>Forex traders said positive cues from domestic equity markets and lower level of dollar provided support to the Indian currency.</p>.<p>At the interbank foreign exchange, the domestic currency opened at 83.15, then slipped to 83.16 before trading at 83.14 against the greenback in morning deals, down 1 paisa from its previous close.</p>.<p>On Thursday, the rupee settled 1 paisa higher at 83.13 against the US dollar.</p>.<p>Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.19 per cent lower at 103.12 on Friday.</p>.<p>Analysts said the dollar index retreated after the US macroeconomic data reflected steady growth in the country, trimming financial markets' expectations of reducing interest rate by the Federal Reserve.</p>.<p>Brent crude futures, the global oil benchmark, declined 0.27 per cent to USD 78.89 per barrel.</p>.<p>In the domestic equity market, the 30-share BSE Sensex was trading 647.57 points, or 0.90 per cent, higher at 71,834.43. The broader NSE Nifty rose 193.75 points, or 0.90 per cent, to 21,656.00.</p>.<p>FIIs were net sellers in the equity market on Thursday as they sold shares worth Rs 9,901.56 crore, according to exchange data. </p>