Indian rupee slips against UAE dirham amid dollar demand from importers

The Indian rupee depreciated 6 paise to 83.13 against the US dollar (23.09 against UAE dirham) in the morning session, amid elevated crude oil prices and dollar demand from importers.

Forex traders said the rupee is trading in a narrow range as the support from positive domestic equities was negated by foreign fund outflows.

At the interbank foreign exchange, the rupee opened at 83.11 against the dollar, then fell to 83.13, registering a fall of 6 paise from its previous close.

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• Indian rupee edges lower against UAE dirham, tracking fall in Asian peers