Rupee trading strong in early trades
The positive sentiments are due to hopes that the US tapering would be delayed
<a href="http://www.shutterstock.com/pic-111991067/stock-photo-dice-on-rupee-coins-on-indian-currency-notes.html" target="_blank">Rupee</a> image via Shutterstock Neelasri Barman Mumbai The rupee appreciated in early trades against the dollar on the back of positive sentiments in the market and dollar sale by banks.
At 9:10 AM the rupee was trading at Rs 61.11 compared with previous close of Rs 61.22 per dollar.
However, currency dealers fear that approaching month-end dollar demand may put some pressure on the rupee.
The positive sentiments are due to hopes that the US tapering would be delayed.