Business Standard

Rupee hits seven-month high

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Reuters

Reuters Market Eye - The rupee is trading at 60.64/65 versus its close of 60.85/86 on Monday after hitting a seven-month high of 60.5925 earlier in the session, tracking gains in most other Asian currencies and higher domestic shares.

Almost all Asian currencies trading stronger compared to the dollar. The BSE Sensex is trading up 0.2 percent and will be watched for cues on foreign fund flows.

Traders say foreign fund inflows into debt and equities continuing to boost the local unit.

The pair is seen moving in a 60.50 to 60.90 range during the session.

(Reporting by Swati Bhat)

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First Published: Mar 11 2014 | 10:21 AM IST

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