India, Feb. 26 -- The rupee stayed range-bound for the second consecutive day on Wednesday and settled 1 paisa lower at 90.96 (provisional) against the US dollar amid higher global crude oil prices and foreign fund outflows.A weaker greenback and positive sentiments in domestic equity markets prevented the rupee's losses, according to forex traders.

At the interbank foreign exchange, the rupee opened at 90.94 against the greenback and traded in a narrow range through the session before settling at 90.96 (provisional), down 1 paisa from its previous close. On Tuesday, the rupee settled 6 paise lower at 90.95 against the US dollar.

"Rupee rose in early trades on a weak dollar and a positive start to the domestic markets. However, it gave ...