Rupee trades in narrow range against U.S. dollar in early trade
The Hindu
Mumbai: Rupee trades range-bound against dollar, weighed by strong USD and high crude oil prices on April 2.
The rupee witnessed range-bound trading in initial deals against the U.S. dollar on April 2, weighed down by a strong American currency and elevated crude oil prices.
At the interbank foreign exchange, the rupee opened at 83.37 against the greenback, then touched 83.35, registering a rise of 4 paise over its previous close.
On March 28, the rupee depreciated 6 paise to settle at 83.39 against the U.S. dollar.
Forex market was closed on March 29 and April 1 on account of 'Good Friday' and the annual account closing of banks, respectively.
Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.05% higher at 105.06.
Brent crude futures, the global oil benchmark, advanced 0.43% to $87.80 per barrel.
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