The Indian Rupee is traded in a narrow range in morning trade on Monday because the height of crude oil prices negates the impact of positive domestic equity.

In foreign currencies between banks, Rupees opened lower at 74.18 against the US dollar, then edged higher up to 74.16, registering falling 1 Pisaa from near the last.

On Friday, Rupee has slumped 25 Paise to close at 74.15 against the US dollar. The dollar index, which measures the greenback’s strength against a basket of six currencies, is traded unchanged at 95.16.

The Indian Rupee opened weaker versus the dollar tracking the strength of the greenback and strengthening bond yields, said Sekuritas Reliance in a research record.

In addition, the power of crude oil and the weak in the Asian market and developing countries can also weigh on local units this Monday.

At the front of the domestic equity market, the 30-share sensex traded 40.37 points or 0.07 percent higher at 61,263.40, while the nifty nifty rose 22.05 points or 0.12 percent to 18,277.80.

Global Oil Benchmark Brent Crude Futures rose 0.06 percent to USD 86.11 per barrel. Investor foreign institutions are clean sellers in the capital market on Friday, because they lowered the shares worth 1,598.20 crore, in accordance with the exchange data.