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Rupee continues to trade weaker

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Reuters
Last Updated : Apr 04 2014 | 1:08 PM IST

Reuters Market Eye - The rupee is trading at 60.29/30 versus its close of 60.1650/1750 on Thursday, tracking weakness in local shares. Dollar demand from importers also hurts. The unit rose as low as 60.3925, the lowest since March 25.

Most other Asian currencies trading weaker compared with the dollar.

Local shares trading down 0.5 percent and will be watched during the day for cues on foreign fund flows, which have been a key factor hurting the pair in recent sessions.

Caution also prevailing ahead of U.S. jobs data due post market close.

(Reporting by Swati Bhat)

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First Published: Apr 04 2014 | 12:51 PM IST

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