Rupee trades in narrow range against U.S. dollar in early trade

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On April 4, the rupee spurted 21 paise to close at a one month-high of 75.53 against the U.S. dollar

On April 4, the rupee spurted 21 paise to close at a one month-high of 75.53 against the U.S. dollar

The rupee started on a flat note on April 5 tracking the strength of the dollar in the overseas market and elevated crude oil prices.

At the interbank foreign exchange, the rupee opened at 75.54 against the American dollar and moved in a narrow range. It touched an early high of 75.47 in initial deals.

On Monday, the rupee started the financial year 2022-23 on a bullish note. It spurted 21 paise to close at a one month-high of 75.53 against the U.S. dollar.

Meanwhile, global oil benchmark Brent crude futures rose 1.27% to $108.90 per barrel as the geopolitical uncertainty from the prolonged conflict in Ukraine persisted.

The dollar index, which gauges the greenback’s strength against a basket of six currencies, rose 0.03% to 99.02 as the prospect of…

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