Forex traders said rupee is trading in a narrow range as investors are also awaiting clarity on the US-China trade front.
Forex traders said, the domestic unit was trading in a narrow range as investors await clarity on the US-China trade front.
Forex traders said the rupee appreciated for the second straight day on foreign inflows in primary as well as secondary equity market.
Forex traders said easing crude oil prices supported the rupee.
In a fillip to forex markets, foreign investors continued with their bullish outlook and bought equities worth Rs 960.90 crore.
The rupee moved up to trade at 71.66 following strong gains in equity markets.
Strengthening crude oil prices impacted the rupee movement in the market, forex dealers said.
Moody's has changed India's outlook ratings to 'negative' from 'stable.'
Sustained foreign fund inflows supported the rupee though the gains were capped by hardening crude oil prices, traders said.
Weakening of the US dollar vis-a-vis other currencies and easing crude oil prices restricted the fall, forex brokers said.