Mumbai, Nov. 14 -- The Indian rupee traded in a narrow range in opening trades on Friday as negative cues from equities offset any gains from sifter US dollar overseas. Indian shares are set for a muted opening on Friday as investors await the Bihar election results for directional cues. INR opened at Rs 88.70 per dollar and dropped to a low of 88.75 so far during the day. Yesterday, rupee consolidated in a narrow range and settled for the day lower by 6 paise at 88.68 against the US dollar, as foreign fund outflows and continuous dollar demand from local importers, including oil companies, exerted pressure on the local currency. Indian equity benchmark Sensex and the Nifty50 settled just marginally up. The BSE benchmark Sensex, which cli...