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Rupee rises as large corporate sells dollars

Share market losses cap gains

<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

The rupee is trading at 60.12/13 versus its Thursday's close of 60.19/20 as dollar sales by a corporate aid the Indian unit.

Losses in the domestic share market, however, prevented the rupee from gaining further. The Nifty was down 1% as of 2:58 pm.

The rupee is seen moving in a range of 60.00 to 60.30 during the rest of the session.

 

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First Published: Jul 11 2014 | 3:02 PM IST

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