The rupee rose one paise to touch 79.80 against the US dollar on Thursday amid an easing greenback. However, gains in global crude oil benchmarks restricted the gains.

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According to Abhishek Goenka, Founder and CEO, IFA GLobal, rupee will trade a 79.65-79.90 range intraday with sideways price action in Thursday's session.

Dollar has weakened against other major currencies. The dollar index — which measures the US dollar against a basket of currencies — was marginally down.

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Crude oil prices climbed on Thursday on fears of possible output cut by Organization of the Petroleum Exporting Countries and Allies (OPEC). Brent crude futures rose 0.3 percent to $102.1 a barrel and West Texas Intermediate (WTI) futures climbed 0.8 percent to $95.7 a barrel.

Indian equity benchmarks opened in green on Thursday breaking a three day negative opening streak tracing largely positive cues from global markets. "17,330 is a crucial support for the Nifty and as long as that holds, Nifty could keep pushing higher," said Goenka.

US yields have risen 5-6 bps across the curve with two years now at 3.37 percent and 10 year at 3.10 percent ahead of Fed Chair Powell's speech at Jackson Hole symposium tomorrow.

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