The Indian rupee opened on a flat note in early trade on Thursday, rising just 4 paise to 84.71 against the US dollar. This modest recovery from its record low of 84.75 on Wednesday was primarily due to positive domestic equity market trends, although it was tempered by the broad strength of the US dollar in global markets.

At the interbank foreign exchange market, the rupee began at 84.72 and moved within a tight range, eventually touching 84.71, showing a slight gain of 4 paise over its previous closing value of 84.75. On Wednesday, the rupee had slipped by 7 paise to hit its lowest-ever closing level against the greenback, raising concerns about the currency's continued weakness.