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Rupee rises 6 paise to 89.92 against US dollar in early trade

The rupee appreciated by 6 paise to 89.92 against the US dollar in early trade on Friday amid thin liquidity and RBI’s intervention keeping the currency range-bound. Forex traders said the USD/INR pair is expected to trade in a narrow range as the 90 level is being protected by the Reserve Bank of India

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The rupee witnessed range-bound trade in the morning session on Friday, appreciating by 6 paise to 89.92 against the US dollar as thin liquidity conditions accentuated everyday demand-supply imbalances, keeping the rupee tilted toward weakness.

Forex traders said the USD/INR pair is expected to trade in a narrow range as the 90 level is being protected by the Reserve Bank of India.

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