Rupee trades in a narrow range in early session against US dollar
The Indian rupee was trading in a narrow range in morning trade on Friday as muted domestic equities and sustained foreign fund outflows negated the impact of easing crude oil prices. At the interbank foreign exchange, the rupee opened at 74.50 against the American dollar, then inched higher to 74.48. The local unit also touched an early low of 74.53 against US dollar in the opening session. On Thursday, the rupee had slipped 7 paise to close at 74.51 against the US dollar. The dollar index, which gauges the greenback’s…
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