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Rupee in range-bound trade, RBI intervention fears cap

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Reuters
Last Updated : Jun 26 2013 | 2:45 PM IST

Reuters Market Eye - The rupee trading at 59.83/84 versus its previous close of 59.66/67 on Tuesday, having traded in a tight 59.73-59.91 band.

The RBI intervention earlier as USD/INR breached 59.90 has kept further gains in check, though month-end demand from oil refiners keeping pair bid. The BSE Sensex up 0.4 percent. Asian shares rebound after China's central bank assures to offer funds to banks if needed.

(Reporting by Subhadip Sircar)

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First Published: Jun 26 2013 | 2:36 PM IST

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