The rupee is trading near day's high, having pared most of its losses in the session on corporate dollar selling. The USD/INR pair is at 62.63/66 versus 62.9050 intraday low and 62.60/61 last close.
Some corporate inflows around 62.85 are helping INR, but importer bids are keeping the pair supported.
The pair is likely to remain in the 62.50-62.90 range for the day.
Local stocks are off highs, up 0.02 percent.
|Gold Rate in Chennai||Rs. 28600.00 (0.92%)|
|Gold Rate in Mumbai||Rs. 29230.00 (-0.17%)|
|Gold Rate in Delhi||Rs. 28900.00 (0.52%)|
|Gold Rate in Kolkata||Rs. 29410.00 (0%)|
|Gold Rate in Kerala||Rs. 27950.00 (0.36%)|
|Gold Rate in Bangalore||Rs. 27800.00 (0%)|
|Gold Rate in Hyderabad||Rs. 28600.00 (0.78%)|