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Rupee falls in morning trade

Traders expect rupee to hold in 60.80-61.10 range

<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

Reuters

The rupee was trading at 60.9050/9100 vs Monday's close of 60.8150/8250 in morning trade.

Foreign investors sold Indian shares worth $30.53 million on Monday, provisional data from exchange showed.

Emerging markets fell even after a private survey on China's factory sector outpaced market's expectations. Worries sparked after survey also showed factory employment slumped to a 5-1/2 year low.

Traders say the rupee will hold in 60.80 to 61.10 range on Tuesday.

 

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First Published: Sep 23 2014 | 10:10 AM IST

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