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Rupee continues to trade higher post US jobs data

The pair is seen holding in 60.15-60.35 range

<a href="http://www.shutterstock.com/pic-145704104/stock-photo-indian-currency-rupees-and-coins.html?src=p5N32CFr8-mqwY5wKad6IA-1-63" target="_blank"> Rupee image </a> via Shutterstock.com
Reuters Mumbai
Last Updated : Sep 08 2014 | 1:06 PM IST
The rupee is trading at 60.26/27 versus Friday's close of 60.39/40 following weaker-than-expected US jobs data.
 
The RBI is likely buying dollars via state-run banks to prevent further fall in the pair, say traders.
 
Gains in the domestic share market are also weighing on the pair. Nifty is trading up 0.6%.
 

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Most other Asian currencies are also trading stronger compared to the dollar.
 
The pair is seen holding in a 60.15 to 60.35 range during the rest of the session.

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First Published: Sep 08 2014 | 1:04 PM IST

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