October 7, 2013 / 4:50 AM / 4 years ago

Rupee lower, tracking weak local shares

A man exchanging damaged Indian currency counts 100 rupee notes along a roadside in Kolkata August 30, 2013. REUTERS/Rupak De Chowdhuri/Files

Reuters Market Eye - The rupee edges lower to 61.69/70 versus its close of 61.43/44 on Friday, tracking weakness in the domestic sharemarket.

Traders say losses in some other Asian currencies also hurting sentiment. The BSE Sensex down 1 percent.

Traders, however, expect exporters to sell dollars around 61.80 levels, limiting a much sharper rise in the pair.

Reporting by Swati Bhat

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