Rupee off day's high, tracks weakness in local shares
Is seen in 60.30 to 60.45 range until the end of the session
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<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
The rupee is trading at 60.36/37 after rising as high as 60.2650, a level last seen on April 21. The pair had closed at 60.42/43 per dollar on Tuesday.
The pair was off the day's lows, tracking falls in local stocks and short-covering by banks amid caution before the US Fed's policy meet outcome later in the day.
USD/INR seen in a 60.30 to 60.45 range until the end of the session.
The pair was off the day's lows, tracking falls in local stocks and short-covering by banks amid caution before the US Fed's policy meet outcome later in the day.
USD/INR seen in a 60.30 to 60.45 range until the end of the session.
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First Published: Apr 30 2014 | 2:59 PM IST