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Rupee edges higher, tracks broad dollar weakness

But dealers see weakening bias during the day

<a href = "http://www.shutterstock.com/pic-107807486/stock-photo-image-showing-folded-indian-notes-of-rs.html?src=p5N32CFr8-mqwY5wKad6IA-1-21" target="_blank"> Rupees image </a> via Shutterstock.com
Neelasri Barman Mumbai
Last Updated : Feb 05 2014 | 11:22 AM IST
The rupee was trading strong in morning trades due to a higher opening of other currencies against the dollar.

At 10:55 am, the rupee was at Rs 62.42 compared with previous close of Rs 62.54 per dollar.

However, currency dealers see a weakening bias during the day due to dollar demand from oil companies.

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First Published: Feb 05 2014 | 11:00 AM IST

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