Another flat day for rupee; trades at 59.33 to the dollar at noon

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Another flat day for rupee; trades at 59.33 to the dollar at noon
The rupee was trading little changed over Wednesday's levels in noon trade at 59.32, down marginally by 5 paise over its previous close.

The rupee has traded in a tight range for most of the week in the absence of any major global triggers. Dealers say that the currency will continue to trade in a range until the budget, which could provide the next trigger for the market.

The rupee has recovered sharply from a low of 68.61 against the dollar in August last year. It's widely expected that the Reserve Bank of India may buy dollars should the currency appreciate significantly in the next few weeks. Check currency rates here

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