The Indian currency has been trading in a range in the last few sessions. Dealers say that the currency would continue to remain steady in the absence of any major cues.
In 2013, the Indian currency hit a historic low of 68.81 against the dollar on the back of fears that the Federal Reserve would reduce its asset purchase programme or QE3. To read more about QE3 click here.
However, the currency has recovered sharply ever since after a host of measures initiated by the Reserve Bank of India and the government of India.