November 20, 2014 / 8:18 AM / 3 years ago

MARKET EYE-USD/INR off nine-month highs on dlr selling by custodian banks

* USD/INR at 62.0875/0925 vs Wednesday's close of
61.96/97.
* Pair had earlier risen to as much as 62.22, the highest level
since Feb. 20.
* Pares gains as custodian banks sell dollars for their foreign
fund clients, according to traders.
* Earlier, traders also spotted central bank likely selling
dollars through state-owned banks to stem a fall in the rupee.
* Pair seen in 61.90/62.20 until close.

 (neha.dasgupta@thomsonreuters.com/;
neha.dasgupta.thomsonreuters.com@reuters.net)

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