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Rupee trades marginally lower on month-end dollar demand

Most Asian currencies are trading stronger against the dollar

<a href = "http://www.shutterstock.com/pic-107807486/stock-photo-image-showing-folded-indian-notes-of-rs.html?src=p5N32CFr8-mqwY5wKad6IA-1-21" target="_blank"> Rupees image </a> via Shutterstock.com
Reuters
Last Updated : Aug 28 2014 | 3:05 PM IST
The rupee reversed direction to trade at 60.48/49 versus its previous close of 60.45/46.
 
Traders say good dollar buying from state-run banks is seen, likely on behalf of oil importers to meet month-end demand.
 
Shares are trading up 0.15% in cautious trade ahead of the long weekend. Flows remain in focus.
 

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Financial markets will remain closed on Friday for a local holiday.
 
Most Asian currencies are trading stronger against the dollar.
 

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First Published: Aug 28 2014 | 2:58 PM IST

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