Firm dollar overseas and sustained capital inflows, however, restricted the rupee rise
RBI in no mood to extend regulatory forbearance
Is seen moving in 61.60 to 62.00 range, as per dealers
It closed at 61.86 per dollar versus Monday's close of 61.93
Is seen in a 61.80 to 62.00 range rest of the day
Despite inflation easing, experts see RBI maintaining status quo on Dec 2
The sharp fall in the euro following the stimulus talks brought rupee down by 17 paise
Expectations of a rate cut fuel rally, 10-year benchmark bond trading at 8.15%
Dealers expect the rupee to hold in a 61.50 to 61.80 range
The rupee might attract month-end dollar demand from importers, due to which it could weaken this week
Gold reserves remained unchanged at $19.74 bn
Is seen in a 61.80 to 62.00 range until close
With moderation in inflation, there is a widespread expectation that RBI will cut interest rate in its upcoming bi-monthly monetary policy
It closed at 61.94 per dollar versus its previous close of 61.96, after earlier touching a low of 62.22, its weakest level since Feb 20
Possible slowdown of FII money into debt and equity markets could add pressure on currency
Inflows from Europe, falling crude oil to come to the rescue if rupee cracks against the dollar