Indian rupee started off Tuesday’s trade with
marginal gains of 9 paise at 61.53 per dollar as against previous day’s losing
value of 61.62 per dollar. The dollar
broke the early lethargy with a hop to 104.48 yen when the Wall Street Journal
reported the Fed is on track to trim its bond-buying program for the second time
in six weeks, paring back by USD 10 billion to USD 65 billion a month.
Indian markets are likely to trade in a range
on Tuesday tracking positive trend seen in other Asian markets. The key support
level for the index is placed at 6,279 levels.
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