Rupee falls on month-end dollar demand
Dollar's strength overseas also hurts
)
<a href="http://www.shutterstock.com/pic-49498450/stock-photo-background-created-with-indian-rupee-notes.html" target="_blank">Gold</a> image via Shutterstock
The rupee is trading at 60.1950 versus its previous close of 60.1250/1350 as month-end dollar demand from importers hurt the Indian unit.
The dollar is near six-month peak ahead of the US GDP data and conclusion of the Fed's two-day meeting.
The Nifty is trading down 0.2%. The broader index will be watched for clues on foreign fund flows. The USD/INR pair is seen in the range of 59.90 to 60.30.
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Jul 30 2014 | 10:32 AM IST