The Rupee is trading in a narrow range in early trading against the US Dollar

On Friday, the rupee fell 25 paise to close at 74.15 against the US dollar.

The Indian rupee was trading in a narrow range in morning trading on Monday as high crude oil prices negated the impact of positive domestic stocks.

On the interbank exchange, the Rupee opened lower at 74.18 against the US Dollar, then rose slightly to 74.16, registering a decline of 1 paisa since the last close.

On Friday, the rupee fell 25 paise to close at 74.15 against the US dollar.

The dollar index, which measures the strength of the greenback against a basket of six currencies, was trading unchanged at 95.16.

The Indian rupee opened lower against the dollar, following greenback strength and strengthening bond yields, Reliance Securities said in a research note.

Additionally, strength in Crude Oil and a weak start in Asian and Emerging Market peers could also weigh on the local unit on Monday.

On the domestic stock market front, the 30-stock Sensex traded up 40.37 points or 0.07% at 61,263.40, while the broader NSE Nifty advanced 22.05 points or 0, 12% to 18,277.80.

Global oil benchmark Brent futures rose 0.06% to $86.11 a barrel.

Foreign institutional investors were net sellers in the capital market on Friday as they sold shares worth ₹1,598.20 crore, according to stock market data.

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