Rupee is trading at 59.62/63 versus its previous close of 59.75/76
Picture for representational purpose (Photo: DC archives)
Mumbai: The rupee is trading at 59.62/63 versus its Wednesday close of 59.75/76. Asian equities rose and the dollar dipped on Thursday, after the US Federal Reserve indicated it was not in a rush to end quantitative easing and begin hiking rates.
Traders expect the market to remain range-bound until the budget announcements, which will start at 11 a.m. Most Asian currencies are trading stronger. The dollar started at one-week lows against a basket of major currencies.
The rupee is seen moving in a 59.50 to 59.80 range until the budget.
( Source : reuters )
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