Rupee off lows as foreign banks sell greenback

Reuters Market Eye - The rupee is trading at 60.20/21 versus its close of 60.1650/1750 on Thursday but off the session low of 60.3925, the lowest since March 25, as some selling in the greenback seen by foreign banks.

Losses in other Asian currencies versus the dollar and a fall in the domestic share market are limiting a further gain in the Indian unit.

Local shares posted their biggest fall in a month, ending down for a second consecutive session and continuing to retreat from a record high hit in the previous session as investors pared positions in blue chips such as Reliance Industries .

Caution also prevailing ahead of the U.S. jobs data due post market close which will be the key in setting the direction for next week.

(Reporting by Swati Bhat)