The Indian rupee on the weekend broke its eight-session long losing streak and appreciated 22 paise to close at 73.86 against the US Dollar, taking cues from stronger Asian currencies and lower crude oil prices. At the interbank foreign exchange market, the rupee unit opened lower at 74.10 per dollar from the previous close of 74.08.

After moving a low of 74.27 during the day following the weakness in local stocks later, it bounced back in line with the broader equity markets and settled at 73.86 against the USD.

Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading at 91.93, up 0.05 percent. Conversely, in the commodity front,  Brent crude futures, the global oil benchmark, declined 0.64 percent to $72.61 per barrel.

Foreign institutional investors were net sellers in the capital market on Thursday as they offloaded shares worth Rs 879.73 crore, as per exchange data.

On the domestic equity market front, the BSE Sensex ended 0.04 percent higher at 52,344.45, while the broader NSE Nifty 0.05 percent to 15,683.35.

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