Rupee range-bound, dollar gains offset by FII buying

The rupee slips to 60.4425/4450 from its previous close of 60.4335/4450.

The USD/INR pair is stuck in a narrow range as dollar gains offset by foreign buying.

Dollar index still near 13-month high.

But rupee supported as FIIs bought a net $105 million of debt on Monday and $60.4 million (provisionally) in shares on Tuesday.

The Nifty gains, nearing record highs.

(Reporting by Gaurav Pai)