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Rupee trades stronger on day

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Reuters
Last Updated : May 06 2014 | 4:16 PM IST

Reuters Market Eye - The rupee is trading at 60.14/15 compared to its previous close of 60.21/22, on the back of gains in the domestic sharemarket and losses in the dollar versus most other Asian currencies.

Dealers say some dollar selling by a large corporate also hurting the pair.

Traders expect the rupee to hold in a 60.10 to 60.30 range in the rest of the session with intermittent demand from oil firms likely to limit a sharp downside.

(Reporting by Swati Bhat)

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First Published: May 06 2014 | 4:03 PM IST

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