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Rupee trades higher as custodians sell dollars

CPI data due post-market hours eyed

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Reuters
The rupee is trading at 60.78/79 per dollar versus Thursday's close of 60.9250/9350. The Indian unit had fallen to 61.03 in early trade.
 
Huge dollar selling by custodian banks is seen, say traders.
 
Traders will monitor domestic shares for cues on fund flows.
 
Nifty is trading largely flat ahead of key data.
 
CPI data due post-market hours is crucial for near-term direction.

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First Published: Sep 12 2014 | 1:08 PM IST

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