Rupee trades flat at 83.50 against US dollar

MUMBAI: The rupee traded flat at 83.50 against the US currency in the opening session on Tuesday as the impact of a firm dollar in the overseas markets was offset by easing crude oil prices.

At the interbank foreign exchange market, the rupee opened marginally up 1 paisa at 83.49 against the American currency. The local unit moved in a narrow range of 83.49 to 83.51 in restricted trade in the opening session.

The rupee traded at 83.50 to a US dollar at 0925 hrs. The domestic unit had closed at 83.50 against the US dollar on Monday.