The strong equities are likely to underpin rupee in the short term. The range for the day is seen between 59.77-60.25/dollar, says Himanshu Arora of Religare.
Himanshu Arora of Religare said that, "Dollar-rupee pair is expected to trade strong amid continued corporate dollar sales and after HSBC services sector data boosted confidence in the market."
"Also strong equities are likely to underpin rupee in short term. The range for the day is seen between 59.77-60.25/dollar," he added.
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