July 2, 2012 / 3:43 AM / 5 years ago

Rupee little changed; seen range-bound

An employee counts currency notes at a cash counter inside a bank in Kolkata June 18, 2012.Rupak De Chowdhuri

Reuters Market Eye - The rupee is trading at 55.63/64 versus previous close of 55.6050/6150. In early trade, the USD/INR had touched a high of 55.50 but has moved lower since.

Traders say marginally weak domestic equities are weighing on the local unit with expectations for the pair to hold in a 55.50-55.80 range during the day.

The euro dipped on Monday, giving up a bit of ground after its biggest one-day rally in eight months, as investors looked for fresh reasons to extend a rally sparked by initial euphoria over the latest European push to ease the region's debt crisis.

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