Mumbai: The rupee is trading at 60.26/27 versus its previous close of 60.1325/1425, tracking the dollar's gains versus most other Asian currencies as the violence in Iraq continues to raise fears of a further rise in global crude oil prices. The BSE Sensex is flat and will be watched for clues on foreign fund flows.
Month-end dollar demand from oil firms is also expected to keep an upward pressure on the pair. Almost all Asian currencies slide against the dollar.
Asian shares were on the back foot early on Wednesday, taking cues from Wall Street as the deepening crisis in Iraq and a report that the U.S. could be loosening restrictions on crude exports triggered a rally in oil prices.
The pair is seen holding in a 60.00 to 60.40 range during the session.
