Mumbai, Nov. 7 -- The Indian rupee is steadying in a narrow range as a mild rebound in dollar overseas is adding pressure on the local unit. INR opened at Rs 88.61 and dipped to a low of 88.68 so far during the day. Muted domestic equities are further weighing on the counter. Yesterday, rupee appreciated 10 paise to 88.60 against the US dollar, supported by a weak American currency against major rivals overseas. Subdued sentiment in domestic equity markets and continued outflow of foreign capital however, prevented a sharp gain in the Indian currency. Key benchmark indexes pared early gains and turned lower after data showed a measure of India's services sector growth fell to a five-month low in October amid competitive pressures and heav...
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