Mumbai The rupee fell four paise to 82.83 against the US dollar in early trading on Wednesday amid a weak trend in local stock markets. Forex traders said inflows of foreign funds and the dollar’s weakness against other currencies limited the rupee’s losses. The rupee opened flat at 82.79 to the dollar on the interbank foreign exchange market. It then dropped to 82.83 to the dollar.

This is a 4 paise drop compared to the previous closing level. In the previous trading session on Tuesday, the rupee had closed at 82.79 to the dollar. Meanwhile, the dollar index, which measures the position of the dollar against a basket of six currencies, fell 0.09 percent to 104.01.

Disclaimer:Prabhasakshi has not edited this news. This news has been published from PTI-language feed.