Rupee lower, tracks equities

A 62.10-62.30 trading band is likely for rest of the session

<a href="http://www.shutterstock.com/pic-107101346/stock-photo--indian-rupees-high-resolution-seamless-texture-indian-money-seamless-texture.html" target="_blank">Online</a> image via Shutterstock
Reuters
Last Updated : Jan 24 2014 | 1:29 PM IST
The rupee is trading lower with local stocks extending losses. The pair is at 62.20/21 after hitting 62.27 intraday. It had closed at 61.9275/9375 on Thursday.

The BSE Sensex extended losses, down 0.9%.

Dealers cite resistance around 62.20 levels and a 62.10-62.30 trading band is likely for rest of the session.

The pair is, however, headed for its biggest weekly gain in over a month, up 1%.
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First Published: Jan 24 2014 | 1:25 PM IST

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