Rupee extends gains to over one-week high on bunched-up dollar inflows

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Reuters
Last Updated : Oct 07 2014 | 2:35 PM IST

Reuters Market Eye - The rupee rises to 61.3025, highest since Sept. 26.

The Indian unit was trading at 61.33/34 versus Wednesday's close of 61.61/62.

Market was closed from Thursday to Monday for local holidays.

Bunched-up dollar inflows hurting the pair, say traders.

Nifty trading down 0.7 percent in pre-open trade.

Good demand for the greenback seen from importers and custodian banks.

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The USD/INR pair may gain in latter part of the session, add traders.

(Reporting by Swati Bhat)

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First Published: Oct 07 2014 | 2:29 PM IST

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