Mumbai, Oct 3 (PTI) The rupee witnessed range-bound trading in morning deals on Friday and depreciated 5 paise to 88.76 against the US dollar, as the strength of the American currency in the overseas market and a negative trend in domestic equities weighed on investor sentiments.

Forex traders said the USD/INR pair is trading in a narrow range as pressure from US policies, trade tensions and global uncertainties dented sentiments further.

Moreover, persistent foreign fund outflows and the ongoing US visa fee hike issue dragged down the domestic unit.

At the interbank foreign exchange market, the rupee opened at 88.68, then lost ground and touched 88.76 against the US dollar, registering a decline of 5 paise over its previous close.

On Wednesday, the rupee recovered 9 paise from its all

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