Reuters Market Eye - The rupee stronger at 56.59/60 versus its previous close of 56.76/77 on the back of the global dollar fall. All Asian currencies also trading stronger compared with the dollar.
The U.S. dollar wallows at one-month lows against a basket of major currencies suffering a vicious setback after disappointing data curbs speculation the Federal Reserve would scale back its stimulus anytime soon.
The pair is seen moving in a 56.50 to 56.90 range during the first-half of the day.
The Reserve Bank of India does not target any particular exchange rate, local news channels reported Governor Duvvuri Subbarao as saying on Monday, citing the Press Trust of India.
Sensex trading up 0.6 percent.
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