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.
 

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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%.

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

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