Rupee Trades in Narrow Range Against USD

MUMBAI: The rupee witnessed range-bound trading in initial deals against the US dollar on Monday, as the support from fresh foreign fund inflows was negated by a negative trend in domestic equities.

Forex traders said the rupee exhibited strength supported by a weak dollar and easing crude oil prices.

At the interbank foreign exchange, the rupee opened at 82.74 against the dollar, but soon pared the losses and touched 82.64 against the greenback in initial trade, higher by 3 paise from its previous close.