Rupee near one-week high; Asian units trading stronger against dollar
23 July 2014 10:06 AM GMT
Rupee is trading at 60.14/15 and Nifty is up by 0.43 per cent
Picture for representational purpose (Photo: AP/Files)
Mumbai: The rupee is trading at 60.14/15, after hitting 60.1225, its highest since July 17 and versus previous close of 60.24/25. Importer dollar demand to meet month-end payment commitments will limit gains in the Indian unit.
The rupee is seen in 60.00 to 60.30 range during the day. Most Asian units trading stronger against the dollar.
Foreign fund flows into the domestic share market to remain key factor determining rupee direction. The Nifty is trading up 0.43 per cent. Asian stocks edge up as risk aversion triggered by recent geopolitical tensions continues.
( Source : reuters )
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