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Rupee trades in a narrow band against the US dollar
At the interbank foreign exchange market, the rupee opened at 88.64 against the US dollar. During the session it touched an intraday high of 88.64 and a low of 88.71 against the greenback.
Quick snapshot
- Opening level: 88.64 per US dollar
- Intraday high: 88.64
- Intraday low: 88.71
- Trading range: 7 paise (0.07)
What this suggests
The limited movement points to a relatively stable session in the interbank market, with the rupee trading in a narrow range. Such small swings often reflect a balance between short-term flows, liquidity conditions and broader global cues.
What to watch next
Traders and businesses will likely keep an eye on international market sentiment, key US economic data and domestic capital flows for signals on the rupee’s near-term direction. Narrow intraday ranges can precede sharper moves if fresh news or data triggers renewed volatility.