Mumbai The rupee traded in a narrow range against the US dollar in early trade on Monday amid positive sentiment created by gains in domestic equity markets and easing crude oil prices.
The rupee opened at 82.08 against the dollar at the Interbank Foreign Exchange market. It touched a high of 82.05 in early deals. The rupee had closed at 82.06 against the US dollar on Friday. Meanwhile, the dollar index, which reflects the US dollar’s position against a basket of six major currencies, was down 0.02 per cent at 101.80.
Global oil benchmark Brent crude futures were trading 0.92 per cent lower at $80.91 per barrel. Forex dealers said foreign fund outflows affecting investor sentiment restricted the rupee’s gains.
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