The rupee closed stronger at 55.57 against the dollar on the back of the domestic equity markets moving up and the euro gaining strength.

The domestic unit opened at 55.56 from Friday’s close of 55.72. The currency markets was closed on Monday due to Id ul-Fitr.

Intraday, the rupee traded in a narrow window between a high and low of 55.49 and 55.61, repectively.

Uncertainty in the Euro Zone might keep the rupee largely range-bound, traders said.

(This article was published on August 21, 2012)
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