Rupee recovers from 7-month low

Traders pare positions ahead of holidays

The rupee recovered after opening at 61.95 per dollar, its lowest since March 4. The Indian unit is now trading at 61.7150/72 vs the previous close of 61.7450/61.7550.

 

Traders pared positions ahead of holidays; markets will be closed from Thursday to Monday.

 

Most Asian currencies are in the red on concerns about Hong Kong protests.

 

The dollar continues to trade at four-year highs.

 

The Nifty is down 0.24% in line with Asian shares.