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The rupee is stuck in a tight 61.81-61.92 trading band with stocks trading flat. Local stocks are trading marginally up, 0.1% higher.
Foreign funds were buyers of $30.03 million of stocks on Tuesday, provisional exchange data shows.
Emerging Asian currencies were mostly higher on Wednesday as fears of an imminent military conflict in Ukraine ebbed, while wary investors stayed on alert for a possible widening by China of the yuan's trading band.
Meanwhile, the election commission announced that polling for general elections will start from April 7, and counting will be done on May 16.
