Rupee gains 19 paise to 82.28 against U.S. dollar

On Wednesday, the rupee pared initial losses and settled marginally higher at 82.47 against the U.S. dollar.

The rupee appreciated 19 paise to 82.28 against the U.S. dollar in early trade on Thursday in line with its Asian peers and a slide in crude oil prices.

Forex traders said muted domestic equities and foreign fund outflows weighed on the local unit and restricted the appreciation bias.

At the interbank foreign exchange, the domestic unit opened at 82.34 against the dollar, then gained further ground to touch 82.28, registering a rise of 19 paise over its previous close.

On Wednesday, the rupee pared initial losses and settled marginally higher at 82.47 against the U.S. dollar.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.18 per cent to 105.28.

Brent crude futures, the global oil benchmark, advanced 0.95 per cent to $77.90 per barrel.

In the domestic equity market, the 30-share BSE Sensex was trading 35.72 points or 0.06 per cent higher at 62,446.40. The broader NSE Nifty rose 13.15 points or 0.07 per cent to 18,573.65.