Rupee extends gains, but still below 60

The Indian rupee extended gains on Wednesday, but continued to trade below the psychological 60 mark in early trades. The partially convertible rupee traded at 60.12 as of 09.32 a.m. against Tuesday's close of 60.14. The Reserve Bank and market regulator Securities and Exchange Board of India (Sebi) took several steps late on Monday, though analysts remained skeptical about the effectiveness of these steps to decidedly reverse r...