India, Sept. 12 -- The rupee traded in a narrow range on Friday morning, slipping 7 paise to 88.42 against the US dollar as tariff-related concerns on India's exports and continued foreign fund outflows weighed on investor sentiment.
Forex dealers noted that the domestic currency remains near its record low amid a rebound in the US dollar index and persistent overseas fund withdrawals. They added that strong dollar demand from importers and ongoing tariff issues between India and the US are also exerting pressure on the rupee.
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