Rupee moves in narrow range against US dollar in early trade

The Indian rupee traded steady in the morning session against the US dollar on Tuesday, showing muted activity in domestic equities and a weak American currency. The rupee opened the day at 81.95 to the dollar, while the dollar index, which gauges the greenback’s strength against a bucket of six currencies, stood at 101.33, down 0.02%. Meanwhile, global benchmark Brent crude futures dropped 0.01% to $82.72 per barrel. Foreign fund outflows were seen as also weighing on the Indian currency.