Rupee continues to trade higher post US jobs data
The pair is seen holding in 60.15-60.35 range
)
<a href="http://www.shutterstock.com/pic-145704104/stock-photo-indian-currency-rupees-and-coins.html?src=p5N32CFr8-mqwY5wKad6IA-1-63" target="_blank"> Rupee image </a> via Shutterstock.com
The rupee is trading at 60.26/27 versus Friday's close of 60.39/40 following weaker-than-expected US jobs data.
The RBI is likely buying dollars via state-run banks to prevent further fall in the pair, say traders.
Gains in the domestic share market are also weighing on the pair. Nifty is trading up 0.6%.
Most other Asian currencies are also trading stronger compared to the dollar.
The pair is seen holding in a 60.15 to 60.35 range during the rest of the session.
Don't miss the most important news and views of the day. Get them on our Telegram channel
First Published: Sep 08 2014 | 1:04 PM IST