<p>Mumbai: The rupee traded in a narrow range and edged higher by 8 paise to 87.39 against the US dollar in early trade on Thursday, amid a positive trend in domestic equities.</p><p>Forex traders said the rupee is trading in a tight range and the overall bias is expected to be negative amid uncertainty over the trade tariffs issue between India and the US.</p><p>Moreover, investors are in a wait-and-watch mode ahead of the US-Russia talks on August 15. At the interbank foreign exchange market, the rupee opened at 87.48 against the US dollar, then touched 87.39, registering a gain of 8 paise over its previous close.</p><p>On Wednesday, the rupee settled at 87.47 against the US dollar.</p>.Bitcoin gains 8.9% in July; Ethereum reclaims $4,300 level.<p>Meanwhile, Brent crude prices rose 0.38 per cent to USD 65.98 per barrel in futures trade.</p><p>"The Brent oil was still below USD 66 per barrel as it regained ground after falling much more in the previous session, with the upcoming US-Russia talks raising risk premiums in the market," 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, fell 0.08 per cent to 97.76.</p><p>“The US FED rate cut bets are taking the dollar index downwards,” Bhansali said, adding that "Rupee has a chance of gaining slowly towards 87.00 levels depending on the outcome of the summit of US-Russia on August 15."</p><p>On the domestic equity market front, Sensex climbed 154.07 points to 80,693.98 in early trade, while the Nifty was up 45 points to 24,664.35.</p><p>Foreign Institutional Investors offloaded equities worth Rs 3,644.43 crore on Wednesday, according to exchange data.</p>
<p>Mumbai: The rupee traded in a narrow range and edged higher by 8 paise to 87.39 against the US dollar in early trade on Thursday, amid a positive trend in domestic equities.</p><p>Forex traders said the rupee is trading in a tight range and the overall bias is expected to be negative amid uncertainty over the trade tariffs issue between India and the US.</p><p>Moreover, investors are in a wait-and-watch mode ahead of the US-Russia talks on August 15. At the interbank foreign exchange market, the rupee opened at 87.48 against the US dollar, then touched 87.39, registering a gain of 8 paise over its previous close.</p><p>On Wednesday, the rupee settled at 87.47 against the US dollar.</p>.Bitcoin gains 8.9% in July; Ethereum reclaims $4,300 level.<p>Meanwhile, Brent crude prices rose 0.38 per cent to USD 65.98 per barrel in futures trade.</p><p>"The Brent oil was still below USD 66 per barrel as it regained ground after falling much more in the previous session, with the upcoming US-Russia talks raising risk premiums in the market," 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, fell 0.08 per cent to 97.76.</p><p>“The US FED rate cut bets are taking the dollar index downwards,” Bhansali said, adding that "Rupee has a chance of gaining slowly towards 87.00 levels depending on the outcome of the summit of US-Russia on August 15."</p><p>On the domestic equity market front, Sensex climbed 154.07 points to 80,693.98 in early trade, while the Nifty was up 45 points to 24,664.35.</p><p>Foreign Institutional Investors offloaded equities worth Rs 3,644.43 crore on Wednesday, according to exchange data.</p>