Rupee rises; dollar demand from importers limits gains

The rupee is seen in 60.00 to 60.30 range during day

The rupee is trading at 60.14/15, after hitting 60.1050, its highest since July 17 and versus the previous close of 60.24/25.

 

The Nifty is up 0.24% and will be watched for clues on foreign fund flows.

 

Importer dollar demand to meet month-end payment commitments will limit gains in the rupee.

 

The rupee is seen in 60.00 to 60.30 range during the day.

 

Most Asian units are trading stronger against the dollar.