ET:Rupee to trade in a 55-55.50 range next week, say traders
The rupee is trading at 55.24/26 versus its previous close of 55.4950/5050 tracking higher global risk assets, though it is off its two-week low of 55.12 after domestic shares gave up most of their gains in the afternoon to end flat.
The euro hit a seven-week high after business activity surveys in France and Germany were not as bad as feared, while minutes from the Federal Reserve hinted at more monetary stimulus measures.
Traders expect the rupee to trade in a 55 to 55.50 range for the remainder of the week.
