November 20, 2014 / 4:07 AM / 3 years ago

MARKET EYE-USD/INR at 8-1/2 month high; Iran payments aid

* USD/INR rises to as high as 62.13, highest since
March 4.
* Last trading at 62.1150/1200 versus previous close of
61.96/97.
* USD/INR seen gaining more, as state-owned banks seen buying
dollars for Iran payments. 
* Traders see central bank stepping in to support rupee if pair
gains sharply.
* Pair seen in 61.90/62.20 during the session.  
* Globally, dollar gains after Fed minutes show members
relatively unconcerned about greenback's strength. 
 


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

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