New Delhi, June 12 -- Rupee appreciated 8 paise against the US dollar on Thursday, led by a weak American currency, amid rising expectations of US Federal Reserve interest rate cuts. A fall in crude oil prices also supported the local currency, while outflows of foreign funds from the Indian stock market capped further gains.

The rupee opened 8 paise higher at 85.43 against the US dollar from its previous close, before falling to 85.46. The rupee had settled at 85.51 against the US dollar on Wednesday.

The US dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.07% to 99.02.

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