Rupee hits three-week high in early trade

Rupee is trading at 60.52/53 and Nifty rises 0.4 per cent in early trade

Mumbai: The rupee is trading at 60.52/53 versus the dollar after hitting 60.49, its highest since July 31 and higher than Thursday's close of 60.67/68. The pair is seen in a range of 60.40 to 60.80 during the session. Traders to monitor debt market flows after foreign funds bought $2.65 billion in a single session on Wednesday.

The index of dollar versus six majors is marginally lower. Asian shares rise in early trading after upbeat US data sparked another record close on Wall Street.

Local shares to be watched for cues on fund flows. The Nifty rises 0.4 per cent in early trade.

( Source : reuters )
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