Rupee declines 5 paise to 86.40 against US dollar in early trade

MUMBAI: The rupee declined 5 paise to 86.40 against the US dollar in early trade on Thursday amid a strengthening greenback.

While a drop in crude oil rates and an upward trend in the domestic equity markets prevented further decline in the local currency, forex traders expected it to remain volatile throughout the day and trade in a wide range of 86.20-86.60.

At the interbank foreign exchange, the rupee opened at 86.46, down 11 paise from its previous close, and dropped further to 86.52. PTI