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Rupee falls, tracks domestic market

Dealers said rupee could move in the 61.70-62.10 band for session

<a href="http://www.shutterstock.com/pic-49498450/stock-photo-background-created-with-indian-rupee-notes.html" target="_blank">Gold</a> image via Shutterstock
Reuters
Last Updated : Jan 01 2014 | 3:54 PM IST
The rupee fell today as the market was moving with small flows and there was not much liquidity, say dealers. The rupee is at 61.91 versus Tuesday's close of 61.80/81 having moved in a 61.80-61.975 band in session.

An European bank was a big dollar buyer in early session pushing the pair higher.

Foreign fund flows into equities crossed $20 bn in 2013. Provisional exchange figures show $50.12 mn of FII buying in stocks on Tuesday.

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The rupee closed 2013 as Asia's third worst performer, down 11%.

Dealers said rupee could move in the 61.70-62.10 band for session.

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First Published: Jan 01 2014 | 3:46 PM IST

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