Business Standard

Rupee continues to trade higher

Image

Reuters

Reuters Market Eye - The rupee is trading higher at 61.45/46 versus Friday's 61.6425/6525 close. Most Asian currencies are trading stronger against the dollar.

Losses in the domestic share market, however, aiding sentiment for the pair and limiting further falls.

Dollar rally loses steam after the payrolls data on Friday. Index of the dollar against six majors is down 0.24 percent.

Pair is seen holding in a 61.30 to 61.60 range during the rest of the session.

Shares are trading down 0.2 percent and being watched for clues on foreign fund flows.

(Reporting by Swati Bhat)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Nov 10 2014 | 2:35 PM IST

Explore News