The rupee increased by 19 paisa to 82.28 US dollars

Early on Thursday, the rupee strengthened against the dollar by 19 paise to 82.28, following the lead of its Asian counterparts and a decline in crude oil prices.

Forex traders claimed that weak domestic stocks and outflows of foreign funds hurt the local currency and limited the inclination toward appreciation. The local unit began trading at 82.34 versus the dollar on the interbank foreign exchange, then advanced to touch 82.28, gaining 19 paise from its previous finish.

The rupee slightly strengthened against the dollar on Wednesday, ending the day at 82.47 after initially falling.

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