Rupee inches higher against dollar; shares eyed for further direction
Rupee was marginally stronger against the dollar at 61.73/74 versus its Friday's close of 61.7625/7725. Dealers expect the pair to hold in a 61.50 to 61.80 range during the day.
Foreign fund that will flow into the share market will be crucial for direction. NSE index trading up 0.2 per cent in preopen trade. Asian shares were broadly higher on prospects of further policy stimulus in China and Europe. Most Asian currencies were also trading stronger compared to the dollar.
Rupee was marginally stronger against the dollar at 61.73/74 versus its Friday's close of 61.7625/7725. Dealers expect the pair to hold in a 61.50 to 61.80 range during the day.
Foreign fund that will flow into the share market will be crucial for direction. NSE index trading up 0.2 per cent in preopen trade. Asian shares were broadly higher on prospects of further policy stimulus in China and Europe. Most Asian currencies were also trading stronger compared to the dollar.
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