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Category :
industry
Headline :
Rupee trades in narrow range against US dollar in early trade
Date:
18/07/2024 10:42
The rupee was trading in a narrow range against the US dollar in early trade on Thursday, tracking a weak trend in domestic equities and elevated crude oil prices.
Forex traders said the USD/INR pair is expected to remain range-bound as the dollar demand from foreign investors and oil companies has been matched by the supply from the Reserve Bank of India (RBI).
At the interbank foreign exchange market, the local unit moved in a narrow range. It opened at 83.57 against the American currency and touched 83.55 in initial trade, registering a rise of 3 paise from its previous close.
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