Rupee declines 8 paise

Snapping its four-day winning run, the rupee depreciated by 8 paise to close at 82.16 against the US dollar on Friday

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However, strong buying in domestic equity markets restricted losses in the local unit, forex traders said.

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At the interbank foreign exchange market, the rupee opened strong at 81.97 against the US dollar.

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Later, it erased all the gains to settle at 82.16, down by 8 paise over the previous close.

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During the session, the domestic unit witnessed an intra-day high of 81.92 and a low of 82.17.

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