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Rupee down on month-end dollar demand

Is seen rangebound ahead of Fed meet

<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

The rupee fell to 60.72/73 compared with its Friday close of 60.60/61 on the back of month-end dollar demand from oil importers.

Broader advances in USD/INR are seen limited ahead of the US Federal Reserve's two-day policy meet beginning Tuesday.

USD/INR seen trading in a broad 60.40 to 60.80 range for the session, according to dealers.

 

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First Published: Apr 28 2014 | 10:01 AM IST

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