Rupee Trades in Narrow Range Against US Dollar in Early Trade

MUMBAI: The rupee witnessed range-bound trading in initial deals against the US dollar on Wednesday, as the support from positive macroeconomic data was negated by elevated crude oil prices.

Forex traders said a negative trend in domestic equities and the overall strength of the American currency in the overseas market weighed on investor sentiments.

At the interbank foreign exchange, the rupee opened at 83.36 against the greenback, registering a rise of 6 paise over its previous close.