The rupee gained 7 paise to trade at 90.40 against the US dollar in early trade on Thursday, moving in a narrow range as investors awaited confirmation of the India-US trade agreement and cues from the RBI’s interest rate decision. Corporate dollar demand limited gains, while softer crude prices provided some support

Gold price surged in commodity markets while price in Mumbai dropped marginally. Investors turned to value buying after recent declines, while MCX gold futures gained over 1 per cent amid global uncertainty.