Rupee slips 4 paise to 82.80 against U.S. dollar

At the interbank foreign exchange, the rupee opened weak at 82.84 against the dollar, then gained some ground to quote at 82.80

The rupee depreciated 4 paise to 82.80 against the U.S. dollar in early trade on December 16 due to losses in domestic equities and risk aversion in global markets.

However, a weak greenback overseas supported the domestic currency and restricted the decline, forex traders said.

At the interbank foreign exchange, the rupee opened weak at 82.84 against the dollar, then gained some ground to quote at 82.80, registering a fall of 4 paise over its previous close.

Also read: Rupee falls 27 paise to end at 82.76 against U.S. dollar

In the previous session on December 15, the rupee settled 27 paise lower at 82.76 against the U.S. dollar.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.28% to 104.27.

Brent crude futures, the global oil benchmark, advanced 0.59% to $81.69 per barrel.