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.
The Indian rupee opened at 49.39 per dollar versus
The dollar's movement globally & importer demand c
The bond market may remain buoyant on OMO announce
The rupee rose early on Wednesday in anticipation
MARKETS-INDIA-RUPEE:Rupee gains on capital inflows
MARKETS-INDIA-RUPEE:Indian rupee off highs on oil
HeidelbergCement India has reported a sales turnov
Medi-Caps has reported a sales turnover of Rs 6.77