<p>The rupee fell by 8 paise to settle at a more than two-month low against the US dollar on Friday weighed down by safe-haven dollar demand and higher crude oil prices.</p>.<p>Foreign fund outflows also weighed on the local unit, analysts said.</p>.<p>At the interbank foreign exchange, the domestic unit opened at 82.73 against the dollar and finally ended the day at 82.82 (provisional), registering a fall of 8 paise from its previous close.</p>.<p>During the session, the local unit touched a peak of 82.72 and hit the lowest level of 82.85.</p>.<p>On Thursday, the rupee had settled at 82.74 against the dollar.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/economy-business/government-pushing-for-swift-like-system-for-trading-with-rupee-1241565.html">Government pushing for SWIFT-like system for trading with rupee</a></strong><br /> </p>.<p>The Indian rupee settled lower following safe-haven dollar demand and higher crude oil prices, Dilip Parmar, Research Analyst, HDFC Securities said.</p>.<p>In the week gone, foreign institutions were net sellers of $ 273 million in domestic equities while the rupee fell nearly 0.7 per cent.</p>.<p>The rupee dropped by 64 paise this week.</p>.<p>All eyes will be on the next week's RBI monetary policy after the recent surge in food prices. Traders are pricing in no change at the August 10 meeting.</p>.<p>"From the technical front, the trend for spot $INR remains bullish with higher side resistance at 83.30 and support at 82.60," Parmar added.</p>.<p>Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.01 per cent to 102.53.</p>.<p>Brent crude futures, the global oil benchmark, advanced by 0.68 per cent to $ 85.72 per barrel.</p>.<p>On the domestic equity market front, the 30-share BSE Sensex closed 480.57 points or 0.74 per cent higher at 65,721.25 points. The broader NSE Nifty advanced 135.35 points or 0.7 per cent to close at 19,517.00 points.</p>.<p>Foreign Institutional Investors (FIIs) were net sellers in the capital market on Thursday as they offloaded shares worth Rs 317.46 crore, according to exchange data.</p>
<p>The rupee fell by 8 paise to settle at a more than two-month low against the US dollar on Friday weighed down by safe-haven dollar demand and higher crude oil prices.</p>.<p>Foreign fund outflows also weighed on the local unit, analysts said.</p>.<p>At the interbank foreign exchange, the domestic unit opened at 82.73 against the dollar and finally ended the day at 82.82 (provisional), registering a fall of 8 paise from its previous close.</p>.<p>During the session, the local unit touched a peak of 82.72 and hit the lowest level of 82.85.</p>.<p>On Thursday, the rupee had settled at 82.74 against the dollar.</p>.<p><strong>Also Read | <a href="https://www.deccanherald.com/business/economy-business/government-pushing-for-swift-like-system-for-trading-with-rupee-1241565.html">Government pushing for SWIFT-like system for trading with rupee</a></strong><br /> </p>.<p>The Indian rupee settled lower following safe-haven dollar demand and higher crude oil prices, Dilip Parmar, Research Analyst, HDFC Securities said.</p>.<p>In the week gone, foreign institutions were net sellers of $ 273 million in domestic equities while the rupee fell nearly 0.7 per cent.</p>.<p>The rupee dropped by 64 paise this week.</p>.<p>All eyes will be on the next week's RBI monetary policy after the recent surge in food prices. Traders are pricing in no change at the August 10 meeting.</p>.<p>"From the technical front, the trend for spot $INR remains bullish with higher side resistance at 83.30 and support at 82.60," Parmar added.</p>.<p>Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.01 per cent to 102.53.</p>.<p>Brent crude futures, the global oil benchmark, advanced by 0.68 per cent to $ 85.72 per barrel.</p>.<p>On the domestic equity market front, the 30-share BSE Sensex closed 480.57 points or 0.74 per cent higher at 65,721.25 points. The broader NSE Nifty advanced 135.35 points or 0.7 per cent to close at 19,517.00 points.</p>.<p>Foreign Institutional Investors (FIIs) were net sellers in the capital market on Thursday as they offloaded shares worth Rs 317.46 crore, according to exchange data.</p>