Rupee is trading at 60.21/22 due to importer demand
Mumbai: The rupee is trading at 60.21/22 versus its Friday's close of 60.28/29 as losses in the dollar versus other Asian units aid sentiment but further sharp gains unlikely due to importer demand. Traders will also watch the domestic share market for cues on foreign fund inflows during the session.
The rupee is seen moving in a 60.00 to 60.50 range during the day. Most other Asian currencies trading stronger compared to the dollar.
Asian stock markets inched higher as investors set aside geopolitical concerns to focus on the generally upbeat flow of U.S. corporate earnings ahead of a host of results due this week.
( Source : reuters )
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