Rupee edges up tracking Asian pairs

The rupee was trading at 61.46/47 versus its close of 61.55/56 on Monday, boosted by gains in regional shares and currencies after resolution of the U.S. debt ceiling crisis appeared closer. The BSE Sensex was trading up 0.6 per cent.

Asian shares rose to their highest in nearly five months on expectations of an imminent deal to reopen the U.S. government and avert a possible debt default, though the squabbling in Washington kept markets on edge ahead of Thursday's deadline.

Traders expect the pair to hold in a 60.80 to 62.30 range until the outcome of the U.S. debt crisis is clear.

Copyright: Thomson Reuters 2013