Rupee/dollar little changed; seen range-bound.

The rupee is at 55.63/64 versus its previous close of 55.6050/6150 to the dollar. The Indian currency touched a high of 55.50 in early trade, but has moved lower since. Traders say marginally weak domestic equities are weighing on the rupee 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 the initial euphoria over the latest European push to ease the region's debt crisis.

Source : economictimes.indiatimes.com