The rupee is trading at 60.18/19 versus its close of 60.14/15 on Wednesday
The rupee is trading at 60.18/19 versus its close of 60.14/15 on Wednesday and off the session low of 60.27, as gains in the domestic sharemarket hurt sentiment for the greenback.
Gains in other Asian currencies versus the dollar also limiting a very sharp rise in the pair despite month-end dollar demand from oil and other importers. Traders will watch the domestic sharemarket for cues on foreign fund flows. Sensex is trading up 0.5 per cent, hitting record highs for a fourth consecutive session.
'It is also expected to hold in a 60.05 to 60.40 range during the day with the RBI likely to step up its dollar purchases if the currency tries to breach the 60 mark,' concluded the dealers .
( Source : reuters )
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