Rupee falls on month-end dollar demand
Dollar's strength overseas also hurts
)
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Dollar's strength overseas also hurts
)
The rupee is trading at 60.1950 versus its previous close of 60.1250/1350 as month-end dollar demand from importers hurt the Indian unit.
The dollar is near six-month peak ahead of the US GDP data and conclusion of the Fed's two-day meeting.
The Nifty is trading down 0.2%. The broader index will be watched for clues on foreign fund flows. The USD/INR pair is seen in the range of 59.90 to 60.30.
First Published: Jul 30 2014 | 10:32 AM IST