Indian rupee stays strong against US dollar, weak shares support

Written by Reuters | Updated: Jun 25 2014, 18:36pm hrs
Indian rupee trading at 60.28/29 against US dollar versus its previous close of 60.1325/1425, tracking the American currency's gains against other Asian currencies with weakness in the domestic share market also aiding sentiment.

Domestic shares trading down 0.2 percent and will be watched for clues on foreign fund flows.

Month-end dollar demand from oil firms is also expected to keep an upward pressure on the pair.

Live updates: Indian rupee vs US dollar, others

Almost all Asian currencies slide against the dollar. See for a snapshot.

The pair is seen holding in a 60.00 to 60.40 range during the session.