Rupee near 10-month high; RBI dollar buying limits rise

Tags: dollar, RBI, Rupee, News
The rupee rises to a session high of 59.45, its highest since July 29, but suspected RBI intervention pushes the pair to 59.55/56 from its close of 59.66/67 on Tuesday.

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.


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