Indian rupee trades in narrow range against UAE dirham

The rupee was trading in a narrow range against the US dollar in early trade on Monday, amid a negative trend in domestic equities.

Forex traders said the rupee is trading in a narrow range as sustained foreign fund outflows and rising crude oil prices weighed on investor sentiments.

At the interbank foreign exchange, the domestic unit opened at 83.25 against the dollar (23.12 against UAE dirham) and then touched a high of 83.23, and a low of 83.27 against the greenback.

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• Indian rupee drops against UAE dirham, tracking Asian peers