In early trade on Friday, the rupee fell 5 paise to 83.33 against the US dollar, tracking a strong dollar abroad and a rising trend in domestic stocks.
However, according to forex traders, the gains in local units were limited by high crude prices on international markets and continuous outflows of foreign cash.
The native currency fell 5 paise from its previous close of 83.30 to 83.33 at the interbank foreign exchange. It had opened weakly against the dollar at 83.30.
The domestic currency was trading against the US dollar within a narrow range of 83.35-83.30 during the first trade. The rupee and the dollar had settled at 83.28 during the previous session on Thursday.
The dollar index, which compares the value of the US dollar to a basket of six other currencies, increased by 0.09 percent to 105.54.
The benchmark for global oil, Brent crude futures, increased 0.35 percent to USD 89.32 a barrel. The 30-share BSE Sensex was up 103.64 points, or 0.14 percent, at 74,443.08 in the domestic equity market.
The NSE Nifty, as a whole, increased by 32.45 points, or 0.14 percent, to 22,602.80. According to exchange data, foreign institutional investors (FIIs) sold shares worth Rs 2,823.33 crore on Thursday, making them net sellers in the capital markets.
