Mumbai: Indian Rupee traded in a narrow range in morning trade on Wednesday due to dampening domestic equity and crude oil prices weighed on investor sentiments.
In the interbank foreign exchange, Rupee began on a warm note at 74.69 against the dollar.
It is traded in narrow ribbons from 74.68 to 74.76 in the initial transaction.
On Tuesday, Rupee registered the ninth consecutive session and soared 30 Paise to close at a one-month high of 74.70 against the US dollar.
At the front of the domestic equity market, Sensex 30-shares traded 74.75 points or 0.13 percent higher at 57,972.23 while the wider NSE edged higher by 13.15 points or 0.08 percent to 17,246.40.
Forex traders say trade tends to keep bound this week ahead of the year-end holiday.
The dollar index, which measures the strength of the greenback against a basket of six currencies, fell 0.02 percent to 96.18.
Global Oil Benchmark Brent Crude Futures rose 0.20 percent to USD 79.10 per barrel.
Investor foreign institutions are clean buyers in the capital market on Tuesday because they buy shares worth Rs 207.31 Crore, according to the stock exchange data.