The rupee opened higher for the third consecutive day amid softening crude oil prices and weak US currency. The rupee rose 4 paise to 83.14 against the US dollar in Thursday's early session. Forex analysts said soft sentiment in the stock market and concerns over foreign fund outflows limited sharp gains in the Indian currency.

At the interbank foreign exchange today, the rupee opened at 83.17 and then traded in the range of 83.13 to 83.17 against the greenback. Later, the Indian unit traded at 83.14 against the dollar, registering a rise of 4 paise from its previous close. On Wednesday, the rupee closed 7 paise higher at 83.18 against the US dollar. On Tuesday, the domestic unit had gained 3 paise against the American currency.

Industrial production figures will be released today. Along with this, inflation data for September will also be announced, which will provide information about the economic health of the country.

Meanwhile, the dollar index was trading 0.13 percent lower at 105.69. At the same time, global oil benchmark Brent crude futures fell 0.45 percent to US $ 85.43 per barrel.

Today BSE Sensex slipped 19.85 points or 0.03 percent to 66,453.20. Meanwhile, the broader NSE Nifty rose 1.30 points or 0.01 percent to 19,812.65. According to exchange data, foreign institutional investors (FIIs) sold shares worth Rs 421.77 crore on Wednesday.