By laksh5382 
Rupee It slipped 1 paise to 84.07 against the US dollar in early trade on Friday as the weaker US currency failed to support the local unit amid weak domestic equity markets and higher crude oil prices.
foreign currency Traders said uninterrupted outflow of foreign funds also weighed on the domestic unit.
At the interbank foreign exchange, the rupee opened flat at 84.06 against the greenback and fell to 84.07, 1 paise lower than its previous close.
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On Thursday, the rupee weakened by 4 paise and closed at 84.06 against the US dollar.
Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was down 0.11 percent at 103.53 points.
The reason for the negative dollar index was the latest signal by China’s central bank to reduce the required reserve ratio for the country’s lenders by the end of this year, which is expected to provide a further boost to the world’s second-largest economy.
International benchmark Brent crude rose 0.21 percent to $ 74.61 per barrel in futures trade.
On the domestic equity market front, Sensex It fell 372.10 points or 0.46 percent to 80,634.51 points. nifty Also fell by 116.70 points or 0.47 percent to 24,633.15 points.
Foreign Institutional Investor (FII) There were net sellers in the capital market on Thursday as they sold shares worth ₹7,421.40 crore, according to exchange data.