Rupee Rises 4 Paise to 83.23 Against USD

Mumbai: The rupee was trading in a narrow range against the US dollar in early trade on Wednesday amid a muted trend in domestic equities and strength of the American currency in the overseas market.

Forex traders said sustained foreign fund outflows also dented investor sentiments.

At the interbank foreign exchange, the domestic unit opened at 83.25 against the dollar and then touched an early high of 83.23, registering a gain of 4 paise over its previous close.