India, Oct. 1 -- The rupee inched up 5 paise to 88.75 against the US dollar in early trade on Wednesday, ahead of the Reserve Bank of India's monetary policy announcement.
Forex traders said the currency moved in a narrow range after hitting its lowest close on Tuesday, weighed down by persistent foreign fund outflows and trade concerns. Market participants now await cues from the RBI's Monetary Policy Committee decision.
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