Feb 27, 2013, 10.25 AM | Source: Reuters
The rupee trading higher at 53.96/97 versus its previous close of 54.09/10 on the back of a recovery in risk assets regionally.
Month-end dollar demand from oil firms is likely to limit a very sharp fall.
Asian shares rebounded as U.S. equities rose on solid data and the Federal Reserve's affirmation of its commitment to monetary stimulus, but investors remained wary of political gridlock in Italy reigniting the euro zone financial crisis.
Most Asian currencies are also trading stronger compared with the dollar.
The pair is seen moving in a 53.85 to 54.15 range during the session.
RBI sets rupee reference rate at 67.81 against US dollar
According to an RBI statement, the exchange rates
Rupee declines 21 paise; opens at 67.85 per dollar
On back of this we will see selling in dollar thus
Expect selling in dollar by strengthening rupee: Brahmbhatt
The range for the day will be seen between Rs 67.5
Rupee has resistance at 68.05/68.30: ICICIdirect
ICICIdirect.com has come out with its report on cu
Rupee trims initial losses, down by 4 ps against dollar
Rupee down 12 paise; opens at 67.66 per dollar
We expect the rupee to trade stronger in a range o