Business Standard

Rupee loses; some state-run banks sell dollars

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Reuters

Reuters Market Eye - The rupee is lower at 59.69/70 versus its previous close of 59.34/35. The pair has traded in a 59.55-59.79 band in session.

Dealers say large state-run bank, finance firm were early buyers, while some selling seen from state-run banks, though not likely from RBI.

RBI was rumuored selling dollars late on Wednesday to support rupee.

Local stocks showing modest gains, up 0.3 pct.

(Reporting by Subhadip Sircar)

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First Published: Jul 18 2013 | 11:39 AM IST

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