Indian rupee retreats from day's low against US dollar on month-end dollar demand

Jul 24 2014, 14:17 IST
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SummaryThe NSE index trading flat, and will be monitored for clues on foreign fund flows.

US dollar/Indian rupee trading at 60.10/11 versus its previous close of 60.0925/1025, as dollar demand from importers helps.

Pair earlier hit 59.98, its weakest level since July 14 on the back of rejig in foreign investment limit in government debt and continued foreign fund inflows.

The NSE index trading flat, and will be monitored for clues on foreign fund flows.

USD/INR pair seen in 59.90 to 60.20 range during the day.

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