MUMBAI: The rupee rose in early trade on Wednesday but is expected to trade in a range as the market awaits the stock market opening for further
cues.
At 9:20 a.m. the partially convertible rupee was at 51.37/38 per dollar, above its previous close of 51.470/485.
Asian currencies barring the Korean won and the Philippine peso were marginally higher against the dollar.
Asian stock markets were mixed but the Nifty futures traded in Singapore rose 1.3 percent at 0350 GMT, indicating a higher start in the domestic market. The Hang Seng was up 1.8 percent and the Nikkei and Kospi were marginally higher.
