The rupee fell 9 paise to 83.18 against US Dollar.

Due to the strengthening of the dollar in foreign markets, the rupee fell 9 paise to 83.18 against the US dollar in early trade on Thursday. Forex dealers said FII inflows and a fall in crude oil prices helped the rupee stop its decline. In the interbank foreign exchange market, the rupee opened with a decline of 83.18 against the American currency. It remained in a limited range in morning trading.

The rupee on Wednesday closed 24 paise higher at 83.09 against the US dollar as the American currency retreated from its highs after US inflation came in below expectations. Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.14 per cent higher at 104.54 on Thursday.