Business Standard

Rupee off lows on corporate dollar sales; seen rangebound

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Reuters

The rupee is trading at 61.90/91 versus Monday's close of 61.9350/9450. The Indian unit had earlier fallen to 62.04.

Traders say a large software exporter seen selling dollars in the market.

Further gains, however, unlikely on the back of weak local shares. Nifty trading down 0.7 percent.

The rupee is seen in a 61.80 to 62.00 range rest of the day.

Traders to watch fund flows for direction during the day.

Asian currencies trading mixed vs the USD.

(Reporting by Swati Bhat)

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First Published: Nov 25 2014 | 1:34 PM IST

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