Rupee near 10-month high; RBI dollar buying limits rise
May 15 2014 , Mumbai
Traders say the RBI likely started buying dollars around 59.45. Some oil-related dollar demand also supporting the pair, dealers add.
The pair is expected to hold in a 59.45 to 59.75 range in the rest of the session.
Traders will continue to monitor local share moves for cues, ahead of election results to be unveiled on Friday.