Rupee edges up, tracks share gains

Traders expect the Indian unit to move in a 62.80 to 63.50 range

Reuters
Last Updated : Dec 19 2014 | 10:11 AM IST

The rupee is trading at 63.05/06 versus its Thursday's close of 63.11/12.

Traders expect the Indian unit to move in a 62.80 to 63.50 range during the day.

Asian markets rose after Wall Street posted its biggest two-day advance since late 2011.

Nifty is trading up 0.9% in early trade.

Fund flows will remain crucial for intra-day direction.

Fed's statement that it was in no rush to start hiking rates continues to aid global financial markets.

Asian currencies are trading mixed versus dollar.

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First Published: Dec 19 2014 | 9:30 AM IST

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