<p>Mumbai: The rupee was trading in a narrow range against the US dollar in early trade on Wednesday amid a muted trend in domestic equities and strength of the American currency in the overseas market.</p>.<p> Forex traders said sustained foreign fund outflows also dented investor sentiments.</p>.<p> At the interbank foreign exchange, the domestic unit opened at 83.25 against the dollar and then touched an early high of 83.23, registering a gain of 4 paise over its previous close.</p>.<p> On Tuesday, the rupee settled at 83.27 against the US dollar.</p>.Markets quote flat after positive beginning in highly volatile trade.<p> Meanwhile, Brent crude futures, the global oil benchmark, rose 0.02 per cent to $81.63 per barrel.</p>.<p> 'Brent oil prices slid to $81.62 per barrel amidst FED policy uncertainty and inconsistent demand from major importers like China and Europe,' said Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP.</p>.<p> The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.03 per cent higher at 105.05.</p>.<p> The US 10-year bond yield was at 4.5820 per cent this morning as the market awaits FED chairman Jerome Powell's speech, Bhansali said.</p>.<p>"Outward remittances have been dominating Indian rupee notwithstanding the gain in Asian currencies since Monday," Bhansali added.</p>.<p> In the domestic equity market, the 30-share BSE Sensex was trading 10.83 points or 0.02 per cent lower at 64,931.57 points. The broader NSE Nifty advanced 18.20 points or 0.09 per cent to 19,424.90.</p>.<p> Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Tuesday as they sold shares worth Rs 497.21 crore, according to exchange data. </p>
<p>Mumbai: The rupee was trading in a narrow range against the US dollar in early trade on Wednesday amid a muted trend in domestic equities and strength of the American currency in the overseas market.</p>.<p> Forex traders said sustained foreign fund outflows also dented investor sentiments.</p>.<p> At the interbank foreign exchange, the domestic unit opened at 83.25 against the dollar and then touched an early high of 83.23, registering a gain of 4 paise over its previous close.</p>.<p> On Tuesday, the rupee settled at 83.27 against the US dollar.</p>.Markets quote flat after positive beginning in highly volatile trade.<p> Meanwhile, Brent crude futures, the global oil benchmark, rose 0.02 per cent to $81.63 per barrel.</p>.<p> 'Brent oil prices slid to $81.62 per barrel amidst FED policy uncertainty and inconsistent demand from major importers like China and Europe,' said Anil Kumar Bhansali, Head of Treasury and Executive Director, Finrex Treasury Advisors LLP.</p>.<p> The dollar index, which gauges the greenback's strength against a basket of six currencies, was trading 0.03 per cent higher at 105.05.</p>.<p> The US 10-year bond yield was at 4.5820 per cent this morning as the market awaits FED chairman Jerome Powell's speech, Bhansali said.</p>.<p>"Outward remittances have been dominating Indian rupee notwithstanding the gain in Asian currencies since Monday," Bhansali added.</p>.<p> In the domestic equity market, the 30-share BSE Sensex was trading 10.83 points or 0.02 per cent lower at 64,931.57 points. The broader NSE Nifty advanced 18.20 points or 0.09 per cent to 19,424.90.</p>.<p> Foreign Institutional Investors (FIIs) were net sellers in the capital markets on Tuesday as they sold shares worth Rs 497.21 crore, according to exchange data. </p>