April 30, 2014 / 4:13 AM / 3 years ago

Rupee off day's high tracking weakness in local shares

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Cycle rickshaws move past a display of rupees at a roadside currency exchange stall in the old quarters of Delhi June 10, 2013.Anindito Mukherjee/Files

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

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