Rupee higher; foreign banks offer dlrs on strong inflows

Tags: Rupee, News
The rupee is higher as foreign banks offer dollars on strong inflows. Pair at 61.50/51 versus Monday close of 61.62/63.

Large state-run bank seen on bid side. Asian currencies trending slightly negative against the dollar, which may keep rupee gains in check.

Traders said an absence of market-moving data will probably extend the sluggish session through Asia, keeping the major currencies in tight but familiar ranges.

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