The rupee remained nearly flat, appreciating by 1 paisa to 87.30 against the US dollar in early trade on Tuesday, supported by a weaker American currency and lower crude oil prices.
However, concerns over a potential US recession and trade-related uncertainties weighed on investor sentiment, leading to volatility in domestic equity markets, according to forex traders.
At the interbank foreign exchange, the rupee opened at 87.37, dipped to 87.39, and later strengthened to 87.30 against the greenback in early trading, marking a marginal gain from its previous closing level.