Rupee moves in narrow range against US dollar in early trade

The rupee was trading in a narrow range against the US dollar in the morning session on Tuesday, as the support from positive domestic equities and weak American currency was negated by rising crude oil prices.

Market participants remain cautious ahead of retail sales data from the US and the UK’s inflation data this week, forex traders said.

At the interbank foreign exchange, the domestic unit opened at 82.01, then slipped to 82.06, registering a decline of 3 paise over its last close.