Rupee turns flat at 83.96 against US dollar in early trade

In early trading on Friday, the Indian rupee steadied at 83.96 against the US dollar, bolstered by falling crude oil prices and a weaker dollar against major Asian currencies. However, subdued domestic equity markets and significant foreign fund outflows hindered its recovery. The local stock indices saw minimal movement, while FIIs continued their selling spree amid positive Chinese market developments.