The local currency hit a high of 83.02 against the US dollar (American currency) at the interbank foreign exchange, up 7 paise from its previous closing. The domestic currency opened at 83.03 there.
In early trade on Friday, when the US dollar declined from its high levels, the rupee rebounded from its record low levels and strengthened by 7 paise to 83.02. The domestic unit, however, suffered from a sluggish trend in local stocks, outflows of foreign funds, and rising crude oil prices, according to currency dealers.
The local unit achieved a high of 83.02 versus the US dollar at the interbank foreign exchange, up 7 paise from its previous closing. It started the day at 83.03 there.
The rupee also hit a low of 83.09 versus the US dollar during opening trade.
The rupee hit a new all-time low against the US dollar on Thursday, closing the day down 1 paisa at 83.09.
The rupee is anticipated to trade with a negative bias due to risk aversion in international markets and a strong US dollar, according to forex dealers.
The dollar index, which measures how strong the dollar is relative to a basket of six different currencies, decreased 0.26 percent to 103.30.
The benchmark for world oil, Brent crude futures, up 0.07 percent to USD 84.18 a barrel.
