<div>The rupee is marginally higher in rangebound trade, at 61.82/83 versus Wednesday's (1 January) close of 61.90/91.<br /><br />Pair trying to break free from recent rangebound trade, some initial buying was there, but offered well.<br /><br />Pair still trading below 100-day moving average.<br /><br />Pair likely to move in a range of 61.70-62.20 with upticks to be sold, says a dealer with a forex broking firm.<br /><br />Shares showing gains, up 0.6 per cent.<br /><br />Foreign funds were buyers of $1.63 mln in stocks on Wednesday, provisional exchange data showed.<br /><br />Asian markets got the new year off to a sluggish start as Chinese economic data disappointed ahead of a raft of reports on global manufacturing due out through the session.<br /><br />(Reuters)</div>
