Rupee falls 1 paisa to end at 82.82 against U.S. dollar

The rupee depreciated 1 paisa to settle at 82.82 (provisional) against the U.S. dollar

The rupee depreciated 1 paisa to settle at 82.82 (provisional) against the U.S. dollar on Thursday amid a strong greenback against major rivals overseas and rising crude oil prices.

However, a firm trend in domestic equity markets supported the local currency and restricted the fall, forex traders said.

At the interbank foreign exchange market, the local unit opened slightly weak at 82.84 and witnessed an intra-day low of 82.89 and a high of 82.82 against the greenback during the session.

The local unit finally settled at 82.82 (provisional) against the dollar, registering a loss of just 1 paisa from its previous close.

On Wednesday, the rupee declined 1 paisa to settle at 82.81 against the U.S. dollar.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading higher by 0.07% at 102.47.

Brent crude futures, the global oil benchmark, advanced 0.77% to $84.68 per barrel.