Rupee marginally weaker on dollar demand by oil firms

Traders say the pair is likely to hold in 60.90-61.20 range

<a href = "http://www.shutterstock.com/pic-107807486/stock-photo-image-showing-folded-indian-notes-of-rs.html?src=p5N32CFr8-mqwY5wKad6IA-1-21" target="_blank"> Rupees image </a> via Shutterstock.com
Reuters
Last Updated : Sep 24 2014 | 1:29 PM IST
The rupee is trading at 60.99/61.00 versus Tuesday's 60.94/95 close.
 
The rupee is trading off session low of 61.05 on custodian bank dollar sales.
 
Traders say demand from oil firms is limiting the rupee's rise.
 

Also Read

Asian currencies are trading mixed versus the dollar.
 
Traders say the pair is likely to hold in 60.90-61.20 range.
 
Share movements will be watched for cues on fund flows. Nifty is trading is down 0.2%.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

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

More From This Section

First Published: Sep 24 2014 | 1:05 PM IST

Next Story