October 7, 2013 / 3:20 AM / 4 years ago

MARKET EYE-USD/INR seen edging higher; local shares watched

* USD/INR seen opening around 61.50 levels versus
Friday's close of 61.43/44, tracking weakness in other Asian
shares.
* See for a snapshot of Asian currencies, which are 
trading mixed against the dollar. 
* The pair is likely to trade in the 61-62 range during the
session.
* Nifty futures traded in Singapore lower 0.49 percent,
and traders will watch local shares for cues on foreign fund
flows.    
* The dollar was on the back foot against the yen and the Swiss
franc in early Asian trade on Monday as the weekend produced
little progress in Washington over the U.S. budget standoff,
keeping the greenback stuck close to 8-month lows against a
basket of major currencies. 

 (archana.narayanan@thomsonreuters.com/archana.narayanan.thomson
reuters.com@reuters.net)

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