The rupee moved in a narrow range and inched up by 8 paise to 87.39 against the US dollar in early trade on Thursday, supported by positive domestic equity trends.
According to forex traders, the local currency is trading within a tight band, though the overall bias remains negative due to lingering uncertainty over trade tariffs between India and the US.
Investor sentiment is also cautious ahead of the US-Russia talks scheduled for August 15. At the interbank foreign exchange market, the rupee opened at 87.48 per US dollar before strengthening to 87.39, marking a gain of 8 paise from its previous close.