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Indian rupee trades in narrow range in early trade against US dollar

At the interbank foreign exchange, the rupee opened at 74.98 against the dollar. It touched an early high of 74.96 and a low of 75.01 in initial deals.

December 03, 2021 / 11:06 AM IST
Representative image

Representative image

Indian rupee was trading in a narrow range in morning trade on Friday amid uncertainties over the global economic recovery in the wake of the emergence of Omicron.

At the interbank foreign exchange, the rupee opened at 74.98 against the dollar. It touched an early high of 74.96 and a low of 75.01 in initial deals.

The rupee on Thursday settled at 75.02 against the US dollar. Meanwhile, the dollar index, which gauges the greenback’s strength against a basket of six currencies, was trading at 96.16.

The rupee has been under pressure over the last few trading sessions as the detection of the new coronavirus variant Omicron re-ignited growth concerns and hurt risk appetite.