Traders see rupee in a 60.65 to 60.85 range
The effect on the rupee was through the trading dynamics of global currencies
During the week ending September 12, the reserves fell by $1.62 billion to $315.70 billion, the data show
It was down 0.26% for the week on account of the big losses on Monday, posting a second consecutive weekly loss
FCAs declined by $1.599 billion to $288.764 billion for the week under review
Rupee was driven by hopes of continued foreign fund buying in shares and bonds
RBI is scheduled to announce its bi-monthly monetary policy review on September 30, 2014
A fall in dollar value abroad against major rivals helped the currency recover from early losses
The Indian unit earlier hit an intra-day session low 61.2050
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It ended at 60.93 per dollar, compared to its close of 61.06 on Tuesday
A weak dollar overseas aided the rupee rise while fresh sell-off by foreign funds in domestic stocks capped the currency's gains
Asian currencies are mostly up versus the dollar
It ended at 61.05 per dollar, compared to its close of 61.13 on Monday
Fed meet later in the day eyed for further cues
The bigger factor to watch for the rupee is the outcome of the US Federal Reserve on Sept 16-17
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