Rupee gains 10 paise; trades at 55.07

The rupee gained marginally by 10 paise and was seen trading at 55.07 against the dollar at 10.00 am. Steady equity cues and higher markets in Asia helped support the rupee.

Also, exporters were reportedly selling dollars which helped the Indian rupee. The rupee is expected to move in a tight range at least until the parliament sessions begins.

If crucial FDI related bills are not passed in parliament, it may have an adverse effect on the rupee.

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