However, a firm US dollar and weak domestic equity markets restricted the rupee movement and the local currency edged lower by 2 paise to 83.25 in early trade.
Rupee Slips 4 Paise To 73.11 Against US Dollar In Early Trade
On Thursday, the rupee spurted 24 paise to end at a nearly four-month high of 73.07 against the US dollar on the last day of 2020.
PTI 01 January 2021 Representational Image PTI 2021-01-01T10:48:18+05:30 Rupee Slips 4 Paise To 73.11 Against US Dollar In Early Trade outlookindia.com 2021-01-01T10:48:58+05:30
The rupee depreciated by 4 paise to 73.11 against the US dollar in opening trade of the first session of the New Year as market participants remained on the sidelines due to lack of fresh cues.
At the interbank forex market, the domestic unit was trading in a narrow range on Friday. It opened at 73.09 against the US dollar and fell to 73.11 against the greenback, registering a fall of 4 paise over its previous close.