Rupee continues to trade higher
Rupee is trading at 58.88/89 versus its previous close of 58.93/94
Mumbai: The rupee is trading at 58.88/89 versus its previous close of 58.93/94, with dollar selling by some corporates seen but month-end demand for the greenback from importers limiting the rise. The BSE Sensex was down by 0.7 per cent and will be watched for cues on foreign fund flows.
Budget expectations would drive the markets in the near term, with traders expecting a range of 58.70 to 59.20 for the day.
( Source : reuters )
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