Rupee off day's high tracking weakness in local shares
Reuters Market Eye - The rupee is trading at 60.36/37 after rising as high as 60.2650, a level last seen on April 21. The pair had closed at 60.42/43 per dollar on Tuesday.
The pair was off the day's lows tracking falls in local stocks and short-covering by banks amid caution before the U.S. Fed's policy meet outcome later in the day.
USD/INR seen in a 60.30 to 60.45 range until the end of the session.
(Reporting by Neha Dasgupta)
- Tweet this
- Share this
- Digg this
Trending On Reuters
Prime Minister Narendra Modi has taken direct control of a project-monitoring body to fast-track investments worth almost $300 billion and revive manufacturing in the country, two officials with direct knowledge of the matter told Reuters. Full Article