Rupee trades steady at 60.03 against the dollar

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 Rupee trades steady at 60.03 against the dollar
The rupee was trading steady at 60.03 against the dollar as against its previous close of 60.08. The currency is expected to trade in a range this week in the absence of any major global cues.

However, the currency could turn volatile next week ahead of the Union Budget to be delivered on July 10.

The rupee has been one of the best performing Asian currencies this year on the back of improving economic fundamentals, particularly the current account deficit. There are also hopes that the opening of FDI in a host of sectors may further push the rupee higher, given the possibility of dollar inflows.  Check rupee rates here

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