Rupee trades in narrow range against U.S. dollar in early trade
The Indian rupee traded in a narrow range, opening at 95.95 and falling to 95.97 against the U.S. dollar, a decline of 3 paise. The Reserve Bank of India’s dollar sales in spot and forward markets have helped limit losses, maintaining the exchange rate below the 96.00 mark. Analysts will monitor further movements in the currency market.