The rupee pared its early gains and settled 7 paise lower at 82.02 (provisional) against the American currency on Thursday, tracking a muted trend in domestic equities.
At the interbank foreign exchange market, the rupee opened at 81.93 against the greenback and settled at 82.02 (provisional), registering a decline of 7 paise from its previous close of 81.95.
During the session, the domestic unit witnessed an intra-day high of 81.77 and a low of 82.02 against the US dollar.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading 0.22% lower at 105.42.
Global oil benchmark Brent crude futures fell 0.01% to $82.65 a barrel.
The 30-share BSE Sensex declined 541.81 points, or 0.90%, to end at 59,806.28, while the broader NSE Nifty declined 164.80 points, or 0.93%, to 17,589.60.
Foreign institutional investors (FIIs) were net buyers in the capital market on Wednesday as they bought shares worth ₹3,671.56 crore, according to exchange data.