The Indian rupee

The rupee in yesterday's trade gained considerably to touch the high point of 63.30/USD intraday; however, finally closed at 63.46/USD on the back of importer demand. Crude oil prices moved up a bit, however are still at comfortable levels. FOMC meeting minutes and the ongoing Greece negotiations will continue to play on the rupee. Expect a trading range of 63.40-63.55/USD today.

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