Rupee up against dollar tracking Asian pairs

Reuters
A customer counts currency inside a currency exchange shop in Kolkata August 29, 2013. REUTERS/Rupak De Chowdhuri/Files
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A customer counts currency inside a currency exchange shop in Kolkata August 29, 2013. REUTERS/Rupak De Chowdhuri/Files

Reuters Market Eye - The rupee was trading at 61.62/63 against the dollar versus its close of 61.8350/8450 on Tuesday as the U.S. debt deal goes through, helping the world's largest economy avert an immediate default.

Traders expect the pair to hold in a 61.25 to 61.85 range during the day.

Broad gains in the dollar are expected to limit a very sharp fall in the pair.

The BSE Sensex was also trading up just 0.2 percent in pre-open trade.

Financial markets were closed on Wednesday for a local holiday.

(Reporting by Swati Bhat)

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