Rupee begins week on a strong note; gains 13 paise

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The rupee rose higher in early trade, as data from the US suggested that the US Federal Reserve might delay the tapering of its quantitative easing programme.

The rupee was last trading at 60.97 against the dollar, up 13 paise over Friday's close. According to dealers the rupee is likely to remain rangebound and would track global cues.

What would also be important for the markets would be the monsoon session of parliament which begins today. A disruption of parliament is unlikely to go well with the forex and stock markets.

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