US dollar, Indian rupee range-bound; bounces off lows as shares retreat

Written by Reuters | Updated: Apr 7 2014, 19:59pm hrs
Indian rupeeOverseas investors have been steady buyers of shares since early March, helping support shares. Reuters
US dollar, Indian rupee is range-bound at 60.06/60.07 versus previous close of 60.08/09, bouncing from session low of 59.78/79.

Trading is subdued as Tuesday is a local market holiday.

USD/INR has come off an eight-month low of 59.5950 hit on Wednesday, as shares head for a third consecutive session of falls, retreating from record highs hit last week, due to caution sparked by the start of a five-week long election process on Monday.

Overseas investors have been steady buyers of shares since early March, helping support shares.