India, Dec. 18 -- The rupee traded in a narrow range against the US dollar in early trade on Thursday, as support from fresh foreign fund inflows was offset by uncertainty surrounding trade negotiations and a prevailing risk-off sentiment.
Forex traders noted that the lack of progress in India–US trade talks and strong dollar demand from corporates and importers weighed on the local currency, although Brent crude prices hovering near USD 60 per barrel provided some support.
At the interbank forex market, the rupee opened at 90.35 against the US dollar, strengthened to 90.32, and also touched an early low of 90.38 against the greenback.
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