Rupee rises 2 paise to 83.96 against US dollar

The rupee appreciated by 2 paise to 83.96 against the US dollar in early trade on Wednesday, supported by a weakening dollar and lower crude oil prices. The dollar index fell 0.14% to 101.67, while Brent crude declined 0.62% to 73.29. Sensex dropped 721.75 points, and Nifty fell by 196.05 points.