<p>The rupee witnessed a range-bound trading against the US dollar in early trade on Wednesday, as the support from positive macroeconomic data was negated by elevated crude oil prices and a firm American currency.</p>.<p>Forex traders said domestic retail inflation data and industrial production figures were better than market expectations and supported investors' sentiments.</p>.Rupee falls 3 paise to settle at 82.92 against US dollar.<p>However, investors are awaiting cues from the CPI data from the US to know the path the US FED will tread in its fight for lower inflation.</p>.<p>At the interbank foreign exchange, the rupee was trading in a narrow range. It opened at 82.92 against the dollar. It touched a low of 82.95 against the American currency in initial trade.</p>.<p>On Tuesday, the rupee closed at 82.95 against the US currency.</p>.<p>Meanwhile, the dollar index fell marginally by 0.05 per cent to 104.65.</p>.<p>Brent crude futures, the global oil benchmark, was trading 0.21 per cent higher at USD 92.25 per barrel.</p>.<p>"With a strong pipeline of inflows and active RBI, the rupee is likely to move towards 82.50 once the 82.80 mark is taken out. On the upside, 83.25 shall remain a strong resistance bar to breach," CR Forex Advisors MD Amit Pabari said.</p>.<p> In the domestic equity market, the BSE Sensex declined 6.07 points or 0.01 per cent to 67,215.06. The NSE Nifty was up 1.80 points or 0.01 per cent to 19,995.00.</p>.<p>Foreign Institutional Investors (FIIs) were net sellers in the capital market on Tuesday as they offloaded shares worth Rs 1,047.19 crore, according to exchange data.</p>.<p>India's industrial production growth rose to a five-month high of 5.7 per cent in July, mainly due to good showing by the manufacturing, mining and power sectors, according to an official data released on Tuesday.</p>.<p>Retail inflation declined to 6.83 per cent in August after touching a 15-month high of 7.44 per cent in July, mainly due to softening prices of vegetables, but still remains above the Reserve Bank's comfort zone.</p>
<p>The rupee witnessed a range-bound trading against the US dollar in early trade on Wednesday, as the support from positive macroeconomic data was negated by elevated crude oil prices and a firm American currency.</p>.<p>Forex traders said domestic retail inflation data and industrial production figures were better than market expectations and supported investors' sentiments.</p>.Rupee falls 3 paise to settle at 82.92 against US dollar.<p>However, investors are awaiting cues from the CPI data from the US to know the path the US FED will tread in its fight for lower inflation.</p>.<p>At the interbank foreign exchange, the rupee was trading in a narrow range. It opened at 82.92 against the dollar. It touched a low of 82.95 against the American currency in initial trade.</p>.<p>On Tuesday, the rupee closed at 82.95 against the US currency.</p>.<p>Meanwhile, the dollar index fell marginally by 0.05 per cent to 104.65.</p>.<p>Brent crude futures, the global oil benchmark, was trading 0.21 per cent higher at USD 92.25 per barrel.</p>.<p>"With a strong pipeline of inflows and active RBI, the rupee is likely to move towards 82.50 once the 82.80 mark is taken out. On the upside, 83.25 shall remain a strong resistance bar to breach," CR Forex Advisors MD Amit Pabari said.</p>.<p> In the domestic equity market, the BSE Sensex declined 6.07 points or 0.01 per cent to 67,215.06. The NSE Nifty was up 1.80 points or 0.01 per cent to 19,995.00.</p>.<p>Foreign Institutional Investors (FIIs) were net sellers in the capital market on Tuesday as they offloaded shares worth Rs 1,047.19 crore, according to exchange data.</p>.<p>India's industrial production growth rose to a five-month high of 5.7 per cent in July, mainly due to good showing by the manufacturing, mining and power sectors, according to an official data released on Tuesday.</p>.<p>Retail inflation declined to 6.83 per cent in August after touching a 15-month high of 7.44 per cent in July, mainly due to softening prices of vegetables, but still remains above the Reserve Bank's comfort zone.</p>