India, Oct. 10 -- The Indian rupee traded flat in a range-bound session on Friday, hovering close to its all-time low against the US dollar amid a stronger greenback in overseas markets.
At the interbank foreign exchange market, the rupee opened slightly weaker at 88.80 but soon recovered to 88.78 per US dollar, marking a marginal gain of 1 paise from the previous close of 88.79.
Forex traders noted that the rupee is likely to remain within a narrow range, with the possibility of testing its all-time closing low of 88.80 if the RBI refrains from intervening.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....