Rupee gains no RBI intervention spotted

RUPEE-INDIA-DOLLAR:Rupee gains no RBI intervention spotted

 

Reuters Market Eye - Rupee trading at 55.86/87 after rising to 55.82 intraday high versus its 55.95/96 close on Tuesday.

Euro supported on hopes the U.S. Federal Reserve will adopt further monetary stimulus.

Senior dealer with private bank says some dollar selling from state-run banks seen, though not expected to be tied to any potential intervention.

Low volumes magnifying price action, traders add.

Local stocks now up 0.4 percent.