Local currency edges lower against dollar in late-session trade

The rupee closed marginally lower against the U.S. dollar as mild dollar demand and mixed global cues kept currency movement range-bound during the session.

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Local currency edges lower against dollar in late-session trade

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Local currency edges lower against dollar in late-session trade
The rupee closed marginally lower against the U.
The Indian rupee weakened slightly to end at 89.70 against the U.S. dollar, slipping by 3 paise from the previous close. Currency movement reflected modest dollar demand during the session amid mixed global cues. Traders monitored offshore market signals and near-term capital flows, while the overall move remained contained within a narrow trading range through most of the day.
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