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

Jul 24 2014, 09:32 IST
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The rupee-dollar pair is seen in 59.90 to 60.20 range during Thursday's trading. The rupee-dollar pair is seen in 59.90 to 60.20 range during Thursday's trading.
SummaryImporter demand to meet month-end payment commitments will limit fall in rupee-dollar pair.

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.

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