Rupee trades stronger on day

Explore Business Standard
Associate Sponsors
Co-sponsor

Reuters Market Eye - The rupee is trading at 60.14/15 compared to its previous close of 60.21/22, on the back of gains in the domestic sharemarket and losses in the dollar versus most other Asian currencies.
Dealers say some dollar selling by a large corporate also hurting the pair.
Traders expect the rupee to hold in a 60.10 to 60.30 range in the rest of the session with intermittent demand from oil firms likely to limit a sharp downside.
(Reporting by Swati Bhat)
First Published: May 06 2014 | 4:03 PM IST