<p>The rupee traded flat at 83.53 against the US currency in early trade on Friday amid firm crude oil prices and gains in domestic stocks.</p><p>At the interbank foreign exchange market, the rupee opened flat at 83.53 against the US dollar. The local unit moved in a tight range of 83.50 to 83.54 in morning deals.</p><p>The rupee was trading flat at 83.53 against the US dollar at 0935 hrs.</p><p>Forex dealers said the impact of firm crude oil prices was offset by overnight losses in the US dollar index and early gains in the domestic equity markets.</p>.Sensex, Nifty rally nearly 1% to scale fresh highs on sharp gains in IT shares.<p>The US dollar index eased on Thursday after softer US inflation data raised hopes of rate cut by the US Fed by September.</p><p>Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.05 per cent lower at 104.49.</p><p>Brent crude futures, the global oil benchmark, were trading 0.20 per cent higher at $85.60 per barrel.</p><p>Domestic equity markets were trading higher in early session on Friday. Benchmark Sensex climbed 226.11 points to 80,123.45 while broader Nifty was up 82.1 points to 24,398.05.</p><p>Foreign institutional investors (FIIs) were net sellers in the capital markets on Thursday as they offloaded shares worth Rs 1,137.01 crore, according to exchange data.</p>
<p>The rupee traded flat at 83.53 against the US currency in early trade on Friday amid firm crude oil prices and gains in domestic stocks.</p><p>At the interbank foreign exchange market, the rupee opened flat at 83.53 against the US dollar. The local unit moved in a tight range of 83.50 to 83.54 in morning deals.</p><p>The rupee was trading flat at 83.53 against the US dollar at 0935 hrs.</p><p>Forex dealers said the impact of firm crude oil prices was offset by overnight losses in the US dollar index and early gains in the domestic equity markets.</p>.Sensex, Nifty rally nearly 1% to scale fresh highs on sharp gains in IT shares.<p>The US dollar index eased on Thursday after softer US inflation data raised hopes of rate cut by the US Fed by September.</p><p>Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.05 per cent lower at 104.49.</p><p>Brent crude futures, the global oil benchmark, were trading 0.20 per cent higher at $85.60 per barrel.</p><p>Domestic equity markets were trading higher in early session on Friday. Benchmark Sensex climbed 226.11 points to 80,123.45 while broader Nifty was up 82.1 points to 24,398.05.</p><p>Foreign institutional investors (FIIs) were net sellers in the capital markets on Thursday as they offloaded shares worth Rs 1,137.01 crore, according to exchange data.</p>