Mumbai, Oct 6 (PTI) The rupee consolidated in a narrow range to settle 3 paise lower at an all-time low of 88.82 (provisional) against the US dollar on Monday, as a strengthening greenback in the overseas market and an overnight jump in crude oil prices pressurised the domestic unit.

The USD/INR pair witnessed range-bound trade and settled 3 paise lower as support from positive domestic equities was offset by continued capital outflows and geopolitical developments, according to traders.

At the interbank foreign exchange, the rupee opened at 88.75 against the US dollar, and settled for the day at 88.82, a loss of 3 paise over its previous close.

On Friday, the rupee depreciated eight paise to close at 88.79 against the US dollar.

On September 30, the rupee had fallen to an all-time low

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