Reuters Market Eye - Rupee trading at 61.22/23 versus its previous close of 61.23/24 but still way off session low of 61.71 after the Reserve Bank of India (RBI) says it will not immediately close the dollar swap window for oil firms.
The RBI says its dollar window for oil marketing companies remains open, adding that any tapering would be done in a calibrated manner.
Reports on Bloomberg TV earlier had said the RBI was considering closing the window, pushing the pair up to the session low.
The BSE Sensex provisionally closed up 2.2 percent, its highest close since November 2010.
Traders expect the pair to hold in a 60.50 to 62.50 broad range in the near term.
(Reporting by Swati Bhat)
