Rupee Begins New Year Trade Rangebound

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January 1, 2014 3:38 PM EST

The rupee opens new year trade in a largely rangebound fashion in the absence of major cues as most global markets remain shut. The rupee is at 61.84/85 versus Tuesday's close at 61.80/81.


Indian rupee. (Reuters)

Foreign fund flows into equities crossed $20 bln in 2013. Provisional exchange figures show $50.12 mln of FII buying in stocks on Tuesday.

The rupee closed 2013 as Asia's third worst performer, down 11 percent.

Dealer tips 61.70-62.10 band for session.

(Photo: / )
Indian rupee. (Reuters)
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