 "rupee & dollar")
Making a spirited comeback ahead of the RBI's policy announcement, the rupee gained 13 paise to close at a fresh two-week high of 68.54 against the dollar on expectations that the US Fed is likely to keep rates unchanged.
Notwithstanding initial listlessness, the home currency staged a smart recovery towards the tail-end trade despite heavy month-end dollar demand from importers and corporates.
A rally in domestic equities further supplemented the recovery momentum.
The Reserve Bank of India's Monetary Policy Committee (MPC) for the third bi-monthly monetary policy statement will be unveiled on Wednesday.
A bearish dollar overseas also influenced the trading sentiment. The dollar
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