Monday 18 August 2014

Rupee Edges Higher On Dollar Inflows

The rupee was trading higher at 60.66 versus Thursday's close of 60.77. Bunched-up dollar inflows were hurting the pair, said traders.


Foreign exchange markets were closed on Friday and Monday for holidays.The Sensex and Nifty hit record highs on Monday and were trading up 0.4 per cent as of 9:29 a.m.


Dollar's gains versus certain other Asian units and majors to limited a sharp fall in the USD/INR pair.Index of the dollar versus six majors was up 0.05 per cent. The rupee is seen trading in 60.50 to 61.00 range during the session.


Source:- profit.ndtv.com





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