Rupee extends gains as corporates, custodians sell dollars
Traders expect it to be in a 60.60 to 61.00 range
 "Rupee extends gains as corporates, custodians sell dollars")
The rupee is trading at 60.74/75 versus Monday's close of 60.93/94 on the back of custodian and corporate dollar sales.
Traders expect the pair to face good support at 60.60 levels, keeping it in a 60.60 to 61.00 range for the rest of the session.
RBI kept key policy rate unchanged but warned about inflationary risks should a shortfall in monsoon rains spark a surge in food prices.
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Most other Asian currencies are also trading stronger compared to the dollar.
The BSE Sensex is trading up 0.5%.