Firmer Asian currencies also weigh on the dollar
The domestic unit commenced slightly lower at 60.62 a dollar from the last close of 60.60
Rupee closed at 60.64 per dollar compared with 60.60/61 on Friday
Is seen rangebound ahead of Fed meet
Underlying momentum remains strong though headwinds on higher inflation and global factors may not allow any significant decline in yields keeping the markets range bound
For week ahead, the rupee is seen trading in the range of 60.80-61.50 by currency dealers
Reserves down by $31.6 million for week ended April 18, to $309.41 billion
It closed at 60.60 per dollar compared with 61.07 on Wednesday, rising 0.8%
Losses in the domestic shares limit sharp fall in pair
It closed at 61.07 per dollar compared with its close of 60.76 on Tuesday
Hurt by good demand for the greenback from oil importers
The rupee ended at Rs 60.77 compared with previous close of Rs 60.59 per dollar
Asian currencies also fall, yuan hits 14-month low
Financial services company says inflation pressures are likely to remain as a possible El Nino could affect the monsoon, which in turn would push up food prices
Forex managers attributed weakness in the rupee value to heavy dollar demand from importers, mainly oil refiners, to meet their month-end requirements
The rupee ended at Rs 60.59 compared with previous close of Rs 60.29 per dollar
The partially convertible rupee closed at 60.59, its lowest since March 24