Experts believe worst is behind for the Indian currency
Dealers said rupee could move in the 61.70-62.10 band for session
Currency dealers see the rupee trading strong for the rest of the day due to lack of significant dollar demand
As their non-performing assets have risen sharply even as loans have remained stagnant, RBI steps in with stringent loan-management measures
But is expected to end 2013 as Asia's third worst performer, down over 11%
Exposure to 10 Corporate groups is enough to wipe out almost the entire shareholder capital and the profits accumulated by the banks
Dealers see rupee trading in the 61.80-62.20 range
The market will now take guidance from the much anticipated report from RBI to be published this week
However, total value of bitcoin and other such virtual currency trades in India is estimated to be worth only a few crores as of now
Rupee should range between Rs 61 to Rs 64 per dollar in 2014, says president - group treasury and global markets, Kotak Mahindra Bank
Foreign currency assets fell by $ 94.7 million to $268.47 billion
At 1:10PM the rupee was trading at Rs 61.95 compared with previous close of Rs 62.16 per dollar
The domestic share market also trading up 0.5% and likely to limit sharp gains in the pair
The crown prince of HDFC Bank
The partially convertible rupee closed at 62.16/17 per dollar compared to 61.79/80 on Tuesday