Rupee pares losses as shares recover

Exporters selling dollars also aids the Indian unit

<a href="http://www.shutterstock.com/pic-145704104/stock-photo-indian-currency-rupees-and-coins.html?src=p5N32CFr8-mqwY5wKad6IA-1-63" target="_blank"> Rupee image </a> via Shutterstock.com
Reuters
Last Updated : Sep 26 2014 | 3:21 PM IST
The rupee is trading at 61.35/36 versus Thursday's 61.34/35 close.
 
The Indian unit touched 61.62 earlier, its lowest since August 8.
 
Month-end dollar demand from importers and a fall in local shares had hurt the rupee earlier. But a recovery in shares and dollar sales by exporters is aiding the rupee.
 

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Nifty is trading flat on the day, recovering from earlier lows.
 
Some gains in the euro and other majors versus the dollar is also hurting sentiment for the USD/INR pair.

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First Published: Sep 26 2014 | 3:17 PM IST

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