Rupee range-bound; FIIs continue to buy shares, debt

The dollar index hits 13-month high

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

 

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

 

Dollar index is still near 13-month high.

 

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

 

The Nifty gained, nearing record highs.