Dealers say that the rupee lacks any major cues in the next few weeks and would now look to the credit policy later next month and the US Federal Market Open Committee meet also next month.

The rupee has recovered from a historic low of 68.81 earlier this month, to the current level of 61.90 level.

A number of moves by the RBI has helped pull the rupee higher. Dealers say that the RBI may intervene to sell dollars as it may not like to let the rupee appreciate, dramatically as this could affect exports.

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