India, Aug. 7 -- The Indian rupee was moving within a narrow range and went up by marginally, by 5 paise, to 87.67 against the US dollar in early trade on Thursday. This was even after US President Donald Trump slapped an additional 25 per cent tariffs, taking the total to 50 per cent, on India over its imports of Russian oil.

The 25 per cent announced earlier has now come into effect, while the "penalty" 25 per cent kicks in later this month.

But currency traders had already said the rupee won't be hit badly for now as Trump's move was largely expected and factored in, Reuters reported.

On Wednesday, the prediction was that the rupee will open in the 87.70-87.75 range, largely unchanged from Wednesday's close of 87.73.

"We knew more ...