ET:Rupee seen stuck in tight band, fresh cues awaited
The rupee is stuck in a tight band, trading marginally weaker on the day at 59.40/41 versus its previous close of 59.35/36 on the back of some demand from importers but volumes low.
Traders say the market awaiting clarity from policymakers following RBI's last week's measures to restrict rupee liquidity and raising of short-term funding interest rates.
The pair expected to hold in a 59.30 to 59.60 band during the rest of the session.
