<p>The rupee stayed firm for the fourth straight session and gained 4 paise to 82.92 against the US dollar in early trade on Thursday, tracking a weak American currency against major overseas rivals.</p><p>Forex trader said, however, the Indian currency was under pressure due to subdued equity market sentiment and elevated level of crude oil prices.</p><p>At the interbank foreign exchange, the domestic currency opened at 82.94 and gained further to 82.92 against the greenback in initial deals, registering a gain of 4 paise from its previous close.</p><p>The rupee settled 1 paisa higher at 82.96 against the US dollar on Wednesday, after witnessing a cumulative gain of 8 paise in the preceding two sessions.</p><p>Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.04 per cent lower at 103.87.</p><p>Analysts attributed the retreating dollar index to the US Federal Reserve's minutes that reflected policy makers' cautious approach, ebbing the possibility of interest rate cuts in the immediate future.</p><p>Brent crude futures, the global oil benchmark, rose 0.13 per cent to USD 83.14 per barrel.</p><p>In the domestic equity market, the 30-share BSE Sensex was trading 32.44 points or 0.04 per cent lower at 72,590.65 points. The broader NSE Nifty slipped 3.60 points or 0.02 per cent to 22,051.45 points.</p><p>Foreign Institutional Investors (FIIs) were net buyers in the capital markets on Wednesday as they purchased shares worth Rs 284.66 crore, according to exchange data.</p>
<p>The rupee stayed firm for the fourth straight session and gained 4 paise to 82.92 against the US dollar in early trade on Thursday, tracking a weak American currency against major overseas rivals.</p><p>Forex trader said, however, the Indian currency was under pressure due to subdued equity market sentiment and elevated level of crude oil prices.</p><p>At the interbank foreign exchange, the domestic currency opened at 82.94 and gained further to 82.92 against the greenback in initial deals, registering a gain of 4 paise from its previous close.</p><p>The rupee settled 1 paisa higher at 82.96 against the US dollar on Wednesday, after witnessing a cumulative gain of 8 paise in the preceding two sessions.</p><p>Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.04 per cent lower at 103.87.</p><p>Analysts attributed the retreating dollar index to the US Federal Reserve's minutes that reflected policy makers' cautious approach, ebbing the possibility of interest rate cuts in the immediate future.</p><p>Brent crude futures, the global oil benchmark, rose 0.13 per cent to USD 83.14 per barrel.</p><p>In the domestic equity market, the 30-share BSE Sensex was trading 32.44 points or 0.04 per cent lower at 72,590.65 points. The broader NSE Nifty slipped 3.60 points or 0.02 per cent to 22,051.45 points.</p><p>Foreign Institutional Investors (FIIs) were net buyers in the capital markets on Wednesday as they purchased shares worth Rs 284.66 crore, according to exchange data.</p>