Mumbai, Nov. 27 -- INR stays range bound; Dollar weakness could aid upside

The Indian rupee is staying in a tight range in opening trades on Thursday even as dollar sentiments stay damp amid expectations of a Federal rate cut. Rising optimism about an interest rate cut by the Federal Reserve in December is likely to trigger another round of buying in local equities, although uncertainty around a potential U.S.-Indian trade deal could limit market's upside. INR opened at Rs 89.19 per dollar but edged down to a low of 89.24 so far during the day. Yesterday, rupee fell marginally to close at 89.23 against the US dollar in a range-bound trade. Indian shares rallied on Wednesday, with buying seen across the board as a slew of weak economic da...