Mumbai, Aug 31 (PTI) The rupee traded in a narrow range and gained one paise to 82.62 against the US dollar in early trade on Thursday amid a positive trend in the domestic equity market.
Foreign exchange experts said that inflow of foreign funds and relatively high prices of crude oil had an impact on the domestic currency.
At the interbank forex market, the rupee opened at 82.65 and then traded in the range of 82.58 to 82.73. Later it reached 82.62 per dollar. This is an increase of one penny over the previous closing level. On Wednesday, the rupee had closed at 82.63 per dollar.
Meanwhile, the dollar index, which gauges the US dollar’s position against six major currencies, fell 0.03 per cent to 103.14.
Global oil benchmark Brent crude futures were trading 0.03 per cent lower at $85.83 per barrel.
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