Rupee Trades in Narrow Range Against USD

Mumbai: The rupee was trading in a narrow range against the US dollar in opening trade on Thursday, tracking a muted trend in domestic equities.

Forex traders said investors preferred to stay on the sidelines as the US Fed policy statement was hawkish.

At the interbank foreign exchange, the domestic unit opened weak at 81.81 against the dollar, then fell further to 81.86, registering a decline of 6 paise over its last close. It later pared its losses and was trading flat at 81.80 against the greenback.