The rupee gained 12 paise to 82.08 against the US dollar in early trade on Friday on the back of a rally in domestic equity markets and softening crude oil prices. Forex dealers said large-scale foreign fund outflows and increased demand for the dollar from importers may weigh on the rupee and limit its gains.
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At the Interbank Foreign Exchange market, the rupee opened at 82.15 against the US dollar, then recovered further to 82.08, showing a gain of 12 paise over its previous closing price. The domestic currency touched a low of 82.22 per dollar in early deals.
On Thursday, the rupee closed below 82 per dollar, down 40 paise against the American currency.
Meanwhile, the dollar index, which shows the position of the US dollar against a basket of six major currencies, rose 0.09 percent to 101.84.
Global oil index Brent crude futures were down 0.10 per cent at $82.09 per barrel.
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