Rupee rises 7 paise to 90.40 against the US dollar

MUMBAI: (Feb 5) The rupee traded in a narrow range and gained 7 paise to 90.40 against the US dollar in early trade on Thursday, amid corporate dollar demand and as investors are awaiting for confirmation on the India-US trade deal.

Forex traders said market participants are now shifting focus from celebration to verification as no official documents have been released, and neither side has formally published the final terms.

Moreover, investors are awaiting cues from Friday’s RBI interest rate announcement.