Rupee lumbers in narrow band, volatility expectations retreat
MUMBAI, Feb 11 (Reuters) – The Indian rupee traded in a tight range on Wednesday, wedged between a broadly weaker dollar and steady corporate hedging appetite, while expectations of volatility in the currency receded after jumping last week. The rupee was at 90.53 per dollar as of 11:15 a.m. IST, slightly firmer than its previous close of 90.5775. The currency has settled into a broad 90-91 trading range after a relief rally last week, sparked by the announcement of the U.S.-India trade deal. While near-tenor implied volatility, a gauge of future expectations, had jumped to a seven-month peak immediately after