Indian Rupee seen opening higher; growth data to limit gains

Sep 01 2014, 09:09 IST
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SummaryUSD/INR is expected to open higher versus its previous close of 60.4950/5050.

USD/INR is expected to open higher versus its previous close of 60.4950/5050. Nifty futures in Singapore trade down 0.03 percent.

Most Asian currencies are trading weaker.

The pair seen trading at 60.57-59 in the offshore non-deliverable spot indicative trade.

However, better-than-expected April-June growth data will limit the rupee's losses. India's finance minister expects economic growth to speed up.

Also, India better prepared for eventual Fed rate hike, says RBI chief.

Asian shares edge past China blues, euro wallows.

The pair is seen in a 60.40 to 60.75 range during the day.

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