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Rupee trades lower on broad dollar gains

Is seen in 61.70 to 62.20 range during the week

<a href="http://www.shutterstock.com/pic-107101346/stock-photo--indian-rupees-high-resolution-seamless-texture-indian-money-seamless-texture.html" target="_blank">Online</a> image via Shutterstock

Reuters

The rupee is trading at 61.89/90 compared with Monday's close of 61.83/84

Asian currencies are trading mixed vs dollar.

Nifty is down 0.1% in early trade.

Traders say current account data was largely in line with expectations.

Index of the dollar against six majors is up 0.2%

However, foreign institutional investors have bought debt worth $1.3 billion so far in Dec.

Continued inflows will prevent sharp gains in the USD/INR pair.

The rupee is seen in 61.70 to 62.20 range during the week.

 

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First Published: Dec 09 2014 | 9:44 AM IST

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