Rupee rises 7 paise to 82.73 against US dollar in early trade

Mumbai, Aug 30 (PTI) The rupee rose by 7 paise to 82.73 against the US dollar on Wednesday amid a positive sentiment in equity markets.

Rising crude oil prices and strengthening dollar, however, weighed on the Indian currency, according to forex traders.

At the interbank foreign exchange, the domestic unit opened stronger at 82.67 and hit the level of 82.74 against the greenback.

Later, the rupee was trading at 82.73 against the dollar, registering a gain of 7 paise from its previous close.

On Tuesday, the rupee closed at 82.80 against the US dollar.