The rupee traded in a tight range and appreciated by 6 paise to 88.67 against the US dollar in early trade on Tuesday (November 11), as weakness of the US dollar amid concerns over the long-term health of the US economy supported the domestic unit at lower levels.

Forex traders said a muted trend in domestic equities and foreign fund outflows weighed on investor sentiment.

At the interbank foreign exchange market, the rupee opened at 88.79 against the US dollar, then touched 88.67, registering a gain of 6 paise from its previous close.

The rupee was later trading at 88.71 against the greenback.

On Monday (November 10), the rupee had settled at 88.73 against the greenback.

Forex traders said positive global cues amid progress on the US shutdown bill and optimism over a nearing US trade

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