IBN:Rupee closes at 62.31 vs US dollar, up 31 paise
New Delhi: The rupee on Wednesday closed at 62.31 versus US dollar, up 31 paise.
The rupee kicked-off trade at 62.45 per dollar on Wednesday, up 5 paise compared to previous close of 62.50 per dollar.
Pramit Brahmbhatt of Alpari India feels the rupee will be rangebound today with a slight negative bias owing to a weak equity market and strong month-end dollar demand by oil marketing companies and other importers.
However, a strong euro and a weak dollar coupled with RBI's intervention in the market might aid rupee, he adds. According to Brahmbhatt, the range for the day is seen between 62.1-63.10/USD.
