The Indian rupee fell 3 paise to 88.78 against the US dollar on Thursday, as investors monitored US fiscal developments, trade tariff issues, and FPI activity. Domestic equities provided support, while Brent crude and the dollar index saw marginal declines.

Mumbai: The rupee traded in a narrow range and fell 3 paise to 88.78 against the US dollar in early trade on Thursday, as investors are watching US fiscal developments, trade tariff issues and FPI trends for further cues.

Forex traders said all positive trends in domestic equities supported the rupee at lower levels.

At the interbank foreign exchange market, the rupee opened at 88.76 and then lost ground to touch 88.78 against the US dollar, registering a decline of 3 paise from its previous close.

On Wednesday, the rupee closed

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