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Rupee at two-week high tracking share gains

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Reuters

Reuters Market Eye - The rupee at 60.68/69 versus its Friday's close of 60.8950/9050, tracking gains in the domestic share market and other Asian units. It hit a low of 60.6450, its weakest since March 11.

The Sensex and Nifty jumped nearly 1.4 percent on Monday to record highs, surpassing their previous all-time highs hit just last week, as lenders including ICICI Bank extended a recent rally on the back of strong foreign investor flows.

Most other Asian currencies also edged higher on the day.

Traders expect good support for the pair around 60.60 levels, which if broken can take the pair to 60.10.

 

(Reporting by Swati Bhat)

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First Published: Mar 24 2014 | 4:08 PM IST

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