Rupee flat in morning trade, shares eyed

Traders see rupee in a 60.65 to 60.85 range

The rupee is trading at 60.8375/8450 vs Friday's close of 60.81/82. 

 

Regional currencies pared gains on caution ahead of China's preliminary PMI survey due on Tuesday.

 

Concerns about China's economy weighed on emerging currencies last week.

 

Traders say dollar sales from custodian banks are being offset by greenback purchases by state-owned banks.

 

Traders say USD/INR seen is in 60.65/85 band until close.