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Rupee edges lower tracking choppy shares; policy in focus

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Reuters

Reuters Market Eye - The rupee trading at 61.65/66 versus its previous close of 61.52/53 as choppy domestic shares and caution ahead of the Reserve Bank of India's monetary policy review hurt.

The BSE Sensex trading down 0.2 percent.

The central bank said on Monday it expects inflation to remain near current elevated levels for the remainder of the fiscal year that ends in March. Analysts expect the RBI to raise its policy interest rate for the second consecutive review due at 1100 IST on Tuesday.

Asian currencies trading mixed versus the dollar.

(Reporting by Swati Bhat)

 

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First Published: Oct 29 2013 | 10:31 AM IST

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