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BW Businessworld

Rupee Edges Up On Share Gains

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The rupee is trading at 62.55/56 versus its close of 62.87/88, on gains in the domestic sharemarket.

Traders, however, expect further USD/INR losses to be limited on the back of month-end dollar demand from oil firms.

The pair is expected to move in a 62.20-62.80 range during the session, two dealers say.

The BSE Sensex is trading up 1.4 per cent.

(Reuters)