The rupee traded in a narrow range and depreciated 3 paise to 86.65 against the US dollar in early trade on Friday, ahead of the release of Economic Survey 2024-25.
Finance Minister Nirmala Sitharaman will table Economic Survey 2024-25 on Friday, providing an official assessment of the performance of the economy in the ongoing financial year, and list out the challenges being faced by the nation.
Forex traders said the rupee continued to face pressure due to sustained foreign fund outflows and the broad strength of the American currency in the overseas markets due to unabated dollar demand from oil importers and weak risk appetite.