PN:Rupee edges higher; global central bank decisions eyed
The rupee was seen trading at 54.69/70 against dollar in afternoon trade on Thursday.
On Wednesday, the currency had closed at 54.7150/7250.
Rumours of a cut in the withholding tax for bonds led to some selling the dollar, traders said. The dollar/rupee pair is expected to move in a 54.60 to 54.90 range during the session, they added.
Rate decisions by central banks in Britain and the euro zone due later in the day are watched for further direction.
