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Rupee extends gains; sentiment wary ahead of RBI policy

Source : REUTERS
Last Updated: Mon, Apr 29, 2013 07:16 hrs
Foreign currency traders work inside a trading firm behind the signs of various world currencies in Mumbai

The rupee extends gains to 54.27/28 versus its previous close of 54.3750/3850, tracking gains in the domestic sharemarket.

The BSE Sensex trading up 0.2 percent.

Traders say USD/INR pair to remain rangebound until the Reserve Bank of India's policy on May 3 when it is widely expected to cut rates by 25 basis points.

Most Asian currencies trading stronger versus the dollar.

Lack of dollar supplies preventing further losses in pair, traders say.


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