A steady trend in global equity markets and a surge in capital inflows into Indian stocks has contributed to sharp gains in the rupee in the last two-weeks. Dealers say the currency is likely to trade in a range and the RBI may mop-up dollars to prevent sharp gains in the rupee.

The rupee has recovered from a low of Rs 68.86 against the dollar seen last year to the current levels on the back of a fast improving current account deficit. Check currency rates here

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