Rupee falls 5 paise to 88.16 against US dollar in early trade
Mumbai, Sep 11 (PTI) The rupee depreciated 5 paise to 88.16 against the US dollar in early trade on Thursday, as market participants are keenly awaiting cues from the trade talks between India and the US. Forex traders said the rupee held its ground supported in part by renewed talk of an India-US trade deal and the rupee is expected to trade within a narrow band of 87.50-88.40 in the near term. At the interbank foreign exchange market, the rupee opened at 88.11, then lost ground and touched an early low of 88.16 against the US dollar, registering a decline