MUMBAI: The rupee could gain on Tuesday as foreigners are expected to be keen bidders in Reliance Power's $3 billion IPO, the country's biggest ever, but traders expect the central bank to intervene on any sharp gains.
The partially convertible rupee ended at 39.28/29 per dollar on Monday, little changed from Friday's close of 39.28/285 and not far from a decade-high of 39.16 hit in November.
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