Rupee largely steady; shares watched for cues on flows

Mumbai: The rupee is trading steady at 61.43/44. The Nifty is trading down 0.1 per cent in early trade. Losses in shares are offset by the positive growth forecast for India from the International Monetary Fund.

IMF increased India's growth projection for FY15 to 5.6 percent from 5.4 per cent, while cutting global growth forecast. Asian currencies trading mixed compared with the dollar.Shares to be monitored for clues on foreign fund flows.

Lower global crude oil prices will also hurt the pair, traders say. Pair seen in a 61.30 to 61.60 range during the session.