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Rupee range-bound, dollar gains offset by FII buying

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Reuters

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)

 

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First Published: Aug 27 2014 | 1:26 PM IST

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