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Rupee falls from near one-week high; weak shares hurt

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Reuters

Reuters Market Eye - The rupee falls from the day's high of 56.31, its highest since May 30, to trade flat on the day at 56.44/45 as weakness in the domestic share market aids the greenback.

The dollar's weakness against other major currencies, however, limiting a major upside to the pair.

Traders expect the USD/INR pair to hold in a range of 56.30 to 56.60 during the rest of the session.

Domestic shares trading flat.

Asian currencies mostly trading weaker compared with the dollar.

(Reporting by Swati Bhat)

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First Published: Jun 05 2013 | 1:47 PM IST

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