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Indian Rupee Update: At the interbank foreign exchange market, the local unit opened at 83.11 and finally settled at 83.16 (provisional) against the dollar, down by 9 paise from its previous close.
The unit oscillated between an intraday low of 83.16 and a high of 83.11 against the greenback
Stock-market sentiment remained positive in Wednesday's early trades, with US index futures climbing on the back of tech-earnings optimism.
Forex traders said foreign fund outflows also put pressure on the rupee. However, a weak US Dollar overseas cushioned the downside.
US stock futures were steady as investors awaited fresh cues. Bitcoin extended declines amid profit-taking, taking losses in January to more than 8%.