Reuters Market Eye - The rupee is trading at 62.0550, lower compared with Thursday's 61.8750/8850 close.
Month-end dollar demand from importers hurting the Indian unit while some foreign banks also seen buying the greenback.
Some resistance however being seen around 62 levels, preventing a further sharp appreciation in the USD/INR pair.
Nifty up 1.2 percent and to be watched for cues on fund flows.
Almost all Asian currencies weaker compared against the dollar.
Losses in the euro also aiding the pair. Index of the dollar against six major currencies trading up 0.6 percent.
Also Read
The rupee seen in a 61.70 to 62.10 range on Friday.
GDP data due post-market hours and the RBI policy review on Tuesday in focus.
(Reporting by Swati Bhat)
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app