Rupee pares initial losses, settles 3 paise higher at 82.26/USD

Mumbai, Aug 1 (PTI) Rupee pared initial losses and settled for the day 3 paise higher at 82.26 (provisional) against US dollar on Tuesday amid a muted trend in domestic equities.

Forex traders said the rupee witnessed range-bound movement on Tuesday as the dollar index moved higher and Asian currencies moved lower against the American currency.

At the interbank foreign exchange market, the local unit opened at 82.32 against the US dollar and settled 3 paise higher at 82.26 (provisional) against the previous close.