Rupee declines 6ps to 90.95/$

Mumbai: The rupee traded in a narrow range and settled 6paise lower at 90.95 against the US dollar amid a firm greenback and higher crude oil prices. A sharp fall in domestic equity markets and uncertainties over the India-US trade deal further pressured the local unit, while foreign fund inflows lent some support, forex traders said. At the interbank foreign exchange, the rupee opened at 90.91 and traded in a narrow range of 90.91-90.97 due to possible intervention by the Reserve Bank of India (RBI). It ended the session at 90.95, down 6paise from its previous close. The rupee gained 5paise to settle at 90.89 against the US dollar. "The rupee declined on weak domestic markets and a surge in crude oil prices, uncertainty over tariffs after US President Donald Trump threatened to impose higher duties on countries not honouring the trade deal despite the Supreme Court ruling," Anuj Choudhary, Research Analyst, Mirae Asset ShareKhan, s