Rupee Rises Marginally on Mild Gains in Domestic Shares

January 9, 2013 5:26 AM GMT

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(Photo: Reuters)<br>Rupee rises against the dollar following Greece deal.
(Photo: Reuters)
Rupee rises against the dollar following Greece deal.

The rupee edges marginally higher to 54.96/97 versus Tuesday's close of 54.99/55.00 on the back of mild gains in regional and domestic sharemarkets.

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Traders however say macroeconomic concerns would continue to occupy centrestage after Fitch's renewed ratings downgrade warning on Tuesday.

Traders expect the pair to move in a 54.85 to 55.05 range initially in the session. The Sensex trading up 0.3 percent while the broader Nifty trading up 0.2 percent.

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