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Rupee higher; foreign banks sell dollars

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Reuters

Reuters Market Eye - The rupee is higher with activity both on the bid and offer sides, with mainly foreign banks on the sell side and a large state-run bank being a buyer.

The pair has traded in a 61.45-61.54 range, last 61.51/52 versus Monday close of 61.62/63.

Foreign banks have been buyers of $2.8 billion of rupee debt in January.

The euro holding steady against USD, staying above a two-month low of $1.3508.

(Reporting by Subhadip Sircar)

 

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First Published: Jan 21 2014 | 12:38 PM IST

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