Rupee Trades in Narrow Range Against US Dollar

Mumbai: The rupee witnessed range-bound trading against the US dollar in early trade on Monday, weighed down by a negative trend in domestic equities and the strength of the American currency in the overseas market.

Forex traders said the safe-haven dollar gained ground amidst heightened concerns in the Middle East.

At the interbank foreign exchange, the rupee opened at 83.24 against the dollar, then touched 83.23, registering a rise of 4 paise over its previous close.