Rupee little changed seen range-bound

INDIA-RUPEE:Rupee little changed seen range-bound

amman  July 2, 2012, 10:25 IST

amman  07 02, 2012, 10:30 IST

 

 

Reuters Market Eye - The rupee is trading at 55.63/64 versus previous close of 55.6050/6150. In early trade, the USD/INR had touched a high of 55.50 but has moved lower since.

Traders say marginally weak domestic equities are weighing on the local unit with expectations for the pair to hold in a 55.50-55.80 range during the day.

The euro dipped on Monday, giving up a bit of ground after its biggest one-day rally in eight months, as investors looked for fresh reasons to extend a rally sparked by initial euphoria over the latest European push to ease the region's debt crisis.