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Rupee trading in range, stocks listless

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Reuters Mumbai

Rupee trading in a tight range. The pair is at 55.94/95 after touching intraday high of 56.04, versus 55.65/66 last close.

Dealers say listless local stocks are also failing to provide any push to USD/INR in either direction.

MSCI's Asia ex-Japan was trading up 0.1 percent with local index down 0.1 percent.

The dollar rose to a one-month high against the yen on Thursday, extending gains after recent upbeat U.S. data pushed Treasury yields higher and cooled expectations of further monetary easing by the Federal Reserve.

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First Published: Aug 16 2012 | 2:26 PM IST

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