The rupee is trading at 61.94/95 versus its close of 62.04/05 on 20 December, tracking slight gains in most Asian sharemarkets. Traders will monitor the domestic sharemarket for cues on the direction of foreign fund flows. Asian currencies trading mixed versus the dollar. The BSE Sensex is up more than 100 points, while the MSCI index of Asian shares ex-Japan rises 0.45 per cent. Traders expect the USD/INR pair to hold in a 61.80 to 62.20 range initially during the session.

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