Rupee rises 3 paise to close at 82.58 against U.S. dollar

Rupee is trading in a narrow range as the softness in the U.S. dollar and sustained FII inflows were negated by risk aversion in global markets, forex traders said.

The rupee consolidated in a narrow range and settled for the day higher by 3 paise at 82.58 against the U.S. dollar on Monday, amid a muted trend in domestic equities.

Rupee is trading in a narrow range as the softness in the U.S. dollar and sustained FII inflows were negated by risk aversion in global markets, forex traders said.

At the interbank foreign exchange market, the local unit opened at 82.65 against the U.S. dollar and settled at 82.58 (provisional), up 3 paise over its previous close.

During the day, the domestic unit witnessed an intra-day high of 82.55 and a low of 82.65.

On Friday, the rupee had settled at 82.61 against the dollar.

The dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.11 per cent to 102.38.

Brent crude futures, the global oil benchmark, declined 0.74 per cent to $77.89 per barrel.