Rupee Edges Higher to 61.98 Per Dollar

The rupee was trading at 61.98 against dollar near Monday's close of 62.02/03. Sentiment were cautious ahead of RBI policy review announcement at 11.00 a.m.

RBI is expected to keep interest rates on hold. Nifty was down 0.15 per cent as Asia stocks fell on oil bounce back.

Brent recovered today to trade back above $72 after falling below $68; US crude was trading just under $69.

Most Asian currencies were trading stronger to dollar as other commodity-linked currencies rose.

(With inputs from Reuters)