The rupee was trading flat against the US dollar in early trade on Thursday. The domestic currency opened the day’s session at 82.77 against its US counterpart, and then traded at 82.76, up 4 paise over its previous close.
On Wednesday, the rupee had gained 7 paise to close at 82.80 against the US dollar.
Meanwhile, speaking on the current situation, traders said the domestic unit remained in a narrow range as muted domestic equities, as well as sustained foreign fund outflows, curbed the appreciation bias. Besides, softening crude oil prices in global markets supported the Indian currency.
On the other hand, the dollar index was down by 0.10% at 104.35. The index gauges the greenback’s strength against a basket of six currencies.
(With PTI inputs)
