Rupee falls on month-end dollar demand

Pair expected to hold in 60.80-61.10 range

The rupee hit 61.0875, its lowest since Sept 18 in afternoon trade today.

 

The Indian unit is trading at 61.06/07 versus Wednesday's 60.96/97 close.

 

The Nifty is down 0.6%.

 

Month-end demand from importers is further hurting the rupee.

 

Foreign fund flows will remain key for direction.

 

Asian currencies are trading mixed versus the dollar.

 

Traders say the pair will hold between 60.90 and 61.20 on Thursday.