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. 28860.00 (-0.31%)|
|Gold Rate in Mumbai||Rs. 29780.00 (-0.23%)|
|Gold Rate in Delhi||Rs. 29300.00 (-1.01%)|
|Gold Rate in Kolkata||Rs. 29830.99 (-1.12%)|
|Gold Rate in Kerala||Rs. 28000.00 (-0.53%)|
|Gold Rate in Bangalore||Rs. 28400.00 (-0.87%)|
|Gold Rate in Hyderabad||Rs. 28860.00 (-0.41%)|