Rupee lower in trade; African bank big buyer of dollars

Reuters Market Eye - The rupee is closing in on record low of 60.76 again on dollar demand by foreign banks. The pair at 60.45/46 versus 60.13/14 last close.

Dealers say large African bank has been big buyers since Thursday, though purpose not known.

RBI presence not yet spotted, dealers on watch.

Local shares gain 0.6 percent.

(Reporting by Subhadip Sircar)