Indian rupee hits 1 1/2 week low against dollar; fund flows eyed

Written by Reuters | Mumbai | Updated: Jul 24 2014, 15:02pm hrs
Indian rupeeThe rupee-dollar pair is seen in 59.90 to 60.20 range during Thursday's trading.
The Indian rupee was trading at 60.02/03 against a US dollar versus its previous close of 60.0925/1025, after hitting 59.98, its weakest level since July 14.

The NSE index trading up 0.1 percent in pre-open trade and moves will be monitored for clues on foreign fund flows.

Asian stock markets edge broadly higher after a surprisingly strong reading on Chinese manufacturing bolsters hopes for recovery in the world's second-biggest economy.

The rupee-dollar pair is seen in 59.90 to 60.20 range during the day.

Importer demand to meet month-end payment commitments will limit fall in the pair.