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Rupee extends losses; broad dollar rally post Fed minutes hurts

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Reuters

Reuters Market Eye - The rupee is trading at 60.77/78 versus its close of 60.61/62 on Wednesday.

The U.S. dollar trades at 11-month highs against a basket of major currencies after minutes of the Federal Reserve's July meeting sound slightly hawkish.

Dollar's index versus six majors up 0.05 percent.

Traders will monitor flows into the debt and share markets for direction.

The Nifty is 0.03 percent.

(Reporting by Swati Bhat)

 

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First Published: Aug 21 2014 | 1:25 PM IST

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