Rupee trades in narrow range in early trade against U.S. dollar
The Hindu
Forex traders said trading is likely to remain range-bound this week ahead of the year-end holidays
The Indian rupee was trading in a narrow range in morning trade on December 29 as muted domestic equities and firm crude oil prices weighed on investor sentiments.
At the interbank foreign exchange, the rupee started on a tepid note at 74.69 against the dollar. It traded in a narrow band of of 74.68 to 74.76 in initial deals.
On December 28, the rupee registered its ninth straight session of gain and surged 30 paise to close at a one-month high of 74.70 against the U.S. dollar.
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