Indian rupee off day's high tracking weakness in local shares

Apr 30 2014, 15:21 IST
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Rupee had closed at 60.42 against dollar on Tuesday. Rupee had closed at 60.42 against dollar on Tuesday.
SummaryRupee rose to 60.30/31, a level last seen on April 21, in early trade.

The Indian rupee is trading at 60.36/37 after rising as high as 60.2650, a level last seen on April 21. The pair had closed at 60.42/43 per dollar on Tuesday.

The pair was off the day's lows tracking falls in local stocks and short-covering by banks amid caution before the U.S. Fed's policy meet outcome later in the day.

USD/INR seen in a 60.30 to 60.45 range until the end of the session.

Indian rupee at over one-week high to 60.30 against US dollar

The Indian rupee rose to its highest in more than a week on Wednesday, on heavy dollar selling by exporters and corporates, traders said.

The rupee rose to 60.30/31, a level last seen on April 21. At 9:17 am, the rupee was at 60.35/36 versus its close of 60.42/43 on Tuesday.

A higher start for local equities also supporting the rupee, traders said.

The market sees the rupee moving in a 60.15 to 60.45 range during the session.

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