MUMBAI: The rupee on Friday traded flat against the US currency in early trade amid steep losses in the domestic equity markets and firm crude oil prices. A weak US dollar against leading world currencies and forex inflows aided the sentiment but recession fears after US jobless data weighed on the local unit, forex dealers said.
At the interbank foreign exchange market, the rupee opened marginally down by 2 paise at 82.81 against the previous close of 82.79.
The local unit moved in a narrow range of 82.82 and 82.77 in morning trade. It was trading flat at 82.79 against the US dollar at 0950 hrs.
