Business Standard

Rupee recovers on dollar selling by custodian banks

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Reuters

The rupee recovers some losses after dollar selling by custodian banks.

The Indian unit trades at 61.4450 after falling to 61.55 earlier in the day, versus 61.35/36 previous close.

Dollar index at 3-1/2 week high after Fed's optimistic economic view.

Fed says rates will remain low for a "considerable time."

Most Asian currencies trading weaker against the dollar.

The Nifty is up 0.8 percent.

(Reporting by Gaurav Pai)

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First Published: Oct 30 2014 | 1:28 PM IST

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