Rupee pares most gains as shares weaken

Reuters Market Eye - The rupee is trading at 60.91/92 versus Wednesday's close of 60.94/95, after rising to a session high of 60.83 earlier in the day.

* Traders to monitor foreign fund flows for direction.

* Nifty <.NSEI> down 0.3 percent after early gains.

* Pair seen in a 60.60 to 61.10 range during the session.

* Exporters likely to step in to sell dollars around 61 mark.

* Traders awaiting August trade and CPI data for direction.

(Reporting by Swati Bhat)